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Title: Any way to buy silver for BTC in the UK VAT free?? Post by: protokol on June 30, 2013, 08:08:58 PM I'm interested in getting a small amount of silver while the price is relatively cheap, probably 5-10 BTC worth.
But I object to paying VAT (I've already payed VAT on my mining equipment, tax on the fiat I used to buy BTC, not to mention the tax on all the tobacco and booze I've consumed in my life). Also I definitely want physical silver and not a certificate "proving" it's in a vault somewhere. I'm aware of that Estonian company that offer VAT-free silver, but I'd prefer to use BTC to buy it. I guess the only option is to cash out BTC to fiat and use that on the Estonian site...? Anyone got any better ideas? cheers Title: Re: Any way to buy silver for BTC in the UK VAT free?? Post by: Lethn on July 01, 2013, 08:12:37 PM I'm afraid VAT seems to be a rather permanent feature in the UK economy, there's not much that can be done beyond getting the law changed but that isn't likely to happen any time soon.
Title: Re: Any way to buy silver for BTC in the UK VAT free?? Post by: protokol on July 01, 2013, 09:42:54 PM Yeah that's what I figured tbh, cheers for the reply.
It sucks that VAT is compulsory on silver but not on gold, when silver is (in my humble opinion) a much better investment right now compared to gold. The gold price is dropping but still seems horrifically manipulated and overpriced... >:( |