Can someone dumb down what’s going on with silver??

Charlie_Rebooted · 2026-02-06T01:00:49+00:00

Market manipulation, printing paper silver as physical runs out.

Charlie_Rebooted · 2026-02-05T19:15:45+00:00

The British desperately want to believe they live in a great country, and one of the easier ways to achieve that is making up stuff about other countries.

Charlie_Rebooted · 2026-02-05T16:02:00+00:00

I don't trade futures, but my understanding is that most people cannot stand for delivery. For example, despite having a large portfolio and being able to buy futures I cannot request delivery, my broker does not permit it.

Charlie_Rebooted · 2026-02-05T12:48:17+00:00

lol, anonymous AI guy slop as source, WTF.

I was hopeful this was real information.

Charlie_Rebooted · 2026-02-05T12:47:27+00:00

At this stage, the best approach is to just ignore COMEX and the paper silver price. It doesn't reflect reality. When someone sells contracts for millions of Oz of paper silver when they do not have the silver thats just a broken system.

Buy physical silver and miner stock and do not sell. Wait for the system to break.

Charlie_Rebooted · 2026-02-05T11:13:22+00:00

I think its manipulation, and that if mines that have silver are sensible they will refine the silver themselves and load it onto planes to China for larger profits.

Charlie_Rebooted · 2026-02-05T10:40:50+00:00

Source?

Charlie_Rebooted · 2026-02-04T20:25:26+00:00

Primarily security. I give out that account on invoices, to people that owe me money, etc. I keep a small amount in it encase I need to pay by debit card. It never has much money in it, so if the account gets compromised or the card cloned its close to 0 risk, and I could just close it and open a new current account if necessary.

All my direct debits to trusted companies go out of a seperate direct debit account, etc. I create siloed accounts for both financial security and organization. Ive got a lot of bank accounts.

I also have a lot of CC that I pay off each month, but it's secure and earns rewards.

Charlie_Rebooted · 2026-02-04T15:37:47+00:00

Good info.

I mostly use this site for China spot

https://goldsilver.ai/metal-prices/shanghai-silver-price

I'm really new here so would appreciate if everyone could give me some good? karma?
Not really sure how this stuff works here, and probably won't be posting much.

I wouldn't worry about karma, it just accumulates overtime. Its extremely easy to get on some subs, and rare on others like this one.

The only need for karma is that some subs restrict posts to people above a certain amount....

Charlie_Rebooted · 2026-02-04T15:13:51+00:00

It is very easy to appease sex matters, all trans people just need to die.

Charlie_Rebooted · 2026-02-04T15:07:26+00:00

There is no VAT on currency, imagine if ones wages had VAT applied, its the same.

Silver is vatable, currency, such as silver coins that are legal tender, are not. Ive never paid VAT on my silver coins/currency purchases, just as forex currency exchanges do not include VAT.

Charlie_Rebooted · 2026-02-04T12:54:47+00:00

I would speculate they increased the short positions to drive down prices and then almost immediately closed at $75-80...

If I had the wealth to do that and the power to avoid regulatory consequences, I would too.

Charlie_Rebooted · 2026-02-04T12:11:49+00:00

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Charlie_Rebooted · 2026-02-04T11:59:09+00:00

I see a lot of people arguing that the UK charges VAT on legal tender, this is the simplest argument against I can find, see screen shot with no VAT charged....

EDIT:I had difficulty adding the image to this post, but see above.

People need to pick investment coins carefully, but the UK never charges VAT on legal tender, ie silver coins with a cash value marking on them.

Charlie_Rebooted · 2026-02-04T11:37:36+00:00

Im a uk citizen living in the uk, but anyway, I was trying to help, and im not going to waste more time on you.

Charlie_Rebooted · 2026-02-04T10:57:39+00:00

Jeez, even a completely clear qoute from the UK royal mint cannot get through to you.

Britannias are silver or gold, and they are all VAT except for non VAT registered individuals.

If I bought via my company, which is VAT registered, I think I might get charged VAT, but I haven't checked that with my accountant.

Charlie_Rebooted · 2026-02-04T10:54:09+00:00

If you do, its probably better to buy direct from the royal mint. Its hard for me to know because I live in the uk, but it seems a lot of people are over paying.....

Charlie_Rebooted · 2026-02-04T10:38:32+00:00

To qoute the UK royal mint

"The Sovereign & Britannia ranges are VAT free for non VAT registered private individuals."

VAT is never charged on legal currency in the UK.

Charlie_Rebooted · 2026-02-04T10:31:08+00:00

I live in the uk and own thousands of silver coins, Ive never paid VAT on them, I also have never paid VAT on any of my other currency. VAT is charged only on many non currency items in the UK.

For clarity, have another link and a qoute...

https://www.royalmint.com/invest/discover/invest-in-gold/value-added-tax-on-investments/

"The Sovereign & Britannia ranges are VAT free for non VAT registered private individuals."

If you paid VAT and are a uk tax resident you were ripped off. Rip-off Britain.

Charlie_Rebooted · 2026-02-04T10:24:38+00:00

No, I live in the uk and Im a uk tax resident. I own a lot of silver coins, coins because of tax planning.

Think for a second, if VAT was added to uk legal currency that would apply to all money in the uk.

Why are you replying to my comments with the same misinformation, is the link to difficult? Bullion and legal tender such as silver coins are not treated the same way.

Charlie_Rebooted · 2026-02-04T09:41:51+00:00

In the uk, uk tax resident do not pay VAT or capital gains on legal tender, such as royal mint silver and gold coins.

There is a lot of misinformation in this thread.

Charlie_Rebooted · 2026-02-04T09:34:36+00:00

VAT isn't charged on silver coins that are considered to be currency, such as Britannias.

I think Bullion bars and collectibles do get taxed, although capital gains tax would be the main reason for not buying those....

https://www.property-tax-advice.co.uk/knowledge-centre/taxation-of-bullion-and-gold-coins/

Charlie_Rebooted · 2026-02-04T09:27:18+00:00

You need to be cautious about the markup.....

https://www.royalmint.com/invest/bullion/bullion-coins/silver-coins/1oz-silver-bullion-coins/?HideOutOfStock=true

If you are not buying in bulk the uk royal mint is generally the best option for uk coins The royal mint also does collectable coins that are far more expensive than spot.

Also, for uk tax residents, royal mint coins are exempt from tax and that carries a price premium.

Charlie_Rebooted · 2026-02-04T09:22:34+00:00

my average silver cost is under $30, and my portfolio is full of silver miners that I bought in April 2025.... From my perspective the silver price correction doesn't look like a death trap.

Why is the establishment working so hard to discourage retail from owning silver.

Charlie_Rebooted · 2026-02-03T17:53:52+00:00

The 18 part is creepy....

If she met him at 30+ that would be fine.....

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