I'm a noob, what's the reason to buy the shares? Speculation about the future price of silver?
- First reason to buy silver shares would be to act as a store of value, a hedge against market fluctuations. Just like other currencies bitcoin has the potential to lose value in relation to other currencies.
One month 1 btc is worth 10$ next month it might drop to 5$, holding shares in silver offers some protection against that. Lets say that silver has kept it's value around 1$ per gram in that same time frame, that would mean your silver shares have gone up in value from 0,1 btc to 0,2 btc.
Ofc silver might change in value and the opposite is true as well, thats where risk management comes in to balance things out. Old saying:
Never put all your egs in to one basket. Metal.Silver offers a low risk basket for you to put some egs in.
- The second reason is collateral for loans or investments, lets say you want a loan or investment for 1k btc to buy something, you can then put down 250btc worth of silver shares (and/or some other assets) + what ever you buy with the loan as collateral.
This way you reduce risk for people lending to you and increase your chances to get the actual loan, atm glbse makes this relatively hard but I'm working on options to make this easier and more convenient for both parties. (don't expect this to soon, I was playing with the idea before stepping in to METAL but it's far from complete at this point in time)
And then yes there is also the speculation, day trading, ... and so on.
And what are the shipping fees for Europe?
In short:
For small/medium amounts, from 15€ to 80€ depending on storage location and taxes involved (+ vat on the value of silver, this can be avoided legally in some cases)
In Full:
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Dealing with physical silver in Europe is less strait forward then it is in the us, tax laws make silver investment on a small scale very annoying. The cost for shipment of small/medium amounts can go from 15€ to 80€ depending on storage location and taxes involved, on top of that regulations might force you to pay VAT on the value of the silver once you get the silver outside of designated storage locations (custom offices, tax free transfer zones like those in most international airports).
On the bright side there are allot of silver dealers inside euro zone that are actively trying to eliminate or spread the cost of taxes on silver in the region. This means there is a high chance of recuperating some of those taxes when you sell the silver to specific bullion dealers or other parties inside Europe.
To that I would like to add that we ofter European people a chance to invest in VAT free physical silver without the minimum investment requirements or cost associated with the existing options.
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For people that want physical delivery inside Europe, I will actively work with them to keep the cost/losses from taxes as low as possible within the legal framework and I will work with every shareholder to keep our handling fee as low as possible..
edit: more translation errors, some day I'l get this English right ...
