Hochschild Mining Share Discussion Threads

[pixi] 02/12/2016 10:33

Chip, thanks for that.

[hectorp] 02/12/2016 10:15

Good stuff Charles...

Nice bounce on HOC this morning, lets see if it can hold which would be a relief.

[chipperfrd] 02/12/2016 10:12

You cannot buy silver from Bullion by post for delivery WITHOUT paying VAT! To be free of VAT you have to store with them and never take delivery.

However you can buy sovereigns and Britannia's without VAT or CGT liability from BBP for home delivery.

end of!

[dt1010] 02/12/2016 10:04

Lucky grandchildren!

[charles clore] 02/12/2016 09:55

For me it comes down to accessibility in a crisis and no vault will whisk your gold to your door in a couple of days if the demand suddenly increases by 100-fold. I have some vaulted gold and some gold and silver stored locally where I can access it. As long as a nuke hasn't uprooted that 300 year-old oak tree and flattened the surrounding landscape and I will always be able to find it!

p.s. I have found that gold and silver coins make excellent keepsake presents for grandchildren.

[ifthecapfits] 02/12/2016 09:55

Viva Italia!

[dt1010] 02/12/2016 09:53

Gaaston there was a time when such skullduggery went on by taking delivery via Germany. Such days were rather historic. ;)
But sadly over now.

[gaaston] 02/12/2016 09:51

Not right pixi = gold bullion bears no vat, but silver and before it reaches your hand is charged vat at the going rate, unless there's a bit of skulduggery involved

[pixi] 02/12/2016 09:43

obbig, you cannot trust anyone. I heard of someone who had her house broken into and her stash stolen because she had told a member of her family that she had bullion at home.

[pixi] 02/12/2016 09:37

gaaston, there is no VAT on buying bullion. But if you bought a single coin you would pay VAT.

[obbig60] 02/12/2016 09:32

Before anyone gets carried away with the advantages of keeping your gold at home, remember that nowhere is completely safe. If you have bought gold or silver then someone has your name and address. If that information gets into the wrong hands then you might just be visited by some really scary people who will persuade you to tell them where your hoard is hidden. If you are lucky enough not to be at home you might find your house has been trashed.
Everyone has to weigh the risks for themselves but I will take my chance with the vault!

[gaaston] 02/12/2016 09:31

well done Pixi ~ it must be against the law to sell silver coins less vat in the UK. But who cares if the items are genuine and you're happy.... :)

[pixi] 02/12/2016 09:27

The other day I bought 25 1 oz silver Sovereigns through Bullion by Post on Ebay costing a total of £456.66, no 20% VAT, incl delivery to my door. That works at at 18.2664 per coin. I have used them before to buy gold coins and they are excellent. I can also sell back to them without any hassle.

I also have an account with Goldmoney to by gold bullion and it is safest to park it outside of the British financial system in say, Singapore. There's nothing wrong with Switzerland, park it in a gold-friendly country.

[gaaston] 02/12/2016 09:19

edge ~ your logic is frail but I can't be bothered to go through it all again. Good luck and don't listen to others (myself included!)

[dt1010] 02/12/2016 09:09

I would take a bet that....

Gold is in a bottoming pattern
The dollar is in a topping pattern
Both will reverse very soon
Gold is worth buying now (and therefore so is silver)
Therefore so are their miners
It is a contrarian trade
Almost everyone is bearish on gold
Trump's big plans will turn out to be a bit of a damp squib
Nothing is going to change much in the US
Markets are at record highs

All IMHO only, FWIW.

I will buy more AG when I see the outcome of the Fed's plans this month.
I will not be surprised to see them leave rates ON HOLD

Trump wants rid of Yellen.

[edjge2] 01/12/2016 22:15

Re gaston no username no vault commission. With EU blowup to come die Schweiz may be not the best choice. Singapore may be dodgy due to Spratling Islands terrritorial claims.
Hectorp made a valid point above re location.
Hope the 1170 odd he called holds
SG still sees HOC down, shame I didn't pay more attention to SG!
I see Fed rise programmed in, but Godoh may not arrive.
Market all betting on 'certainties' Durable goods figure looked mad. Suppose good jobs expected, gold down.
Too complacent maybe the worm'll fire some bullets.
Bouncy forecast here
hxxps://blog.smartmoneytrackerpremium.com/
christmas rally for us?

[gaaston] 01/12/2016 22:06

No and of course not, I do not have any commission. Bullionvault is a huge global
organisation = look at their website. I deposit funds there which I gauge on the medium term to be more profitable than having a large bank balance, and not for a x big profit. If I stored PM physical at home there is no way I could cash in within say eight hours of hectic return travel..... I'd need a bag of quarter sovereigns and at what stage would one turn up to Tesco wanting to pay for a basket of groceries?

As I have previously mentioned: HOC could be privatised by the countries in which it operates. To what extent would you trust your wife, an uncle or children with big sums of money? I spread my silver and gold investments around and sleep well at night.
If Trump is now accepting physical in lieu of dollars for rent: that gives me confidence in the way trade might move. We'll be aware before the story gets too hot.

Small silver coins could be the way to go, but then be prepared to pay 20%vat on delivery = which I am not yet happy to do. My entry here is around 60p and I shall not add, leaving a bargain for the other guy, etc..

[crosseyed] 01/12/2016 19:47

Hectorp,

Re BullionVault, so you think the daily audit by Albert Goodman is a sham? Do you have any corroborative evidence for that?

c

[hectorp] 01/12/2016 18:25

Thank you, are you on commission, perchance?
Bullion vault, like Bitcoin or any bank, is fine until the morning everyone wants their goods or money out.
This is similar to the proposed gold chain product by CME/Mint. " backed by the Royal Mint" so your gold will be there for you when you need it. Except it never will be, as the time we all need it swamps the setup.
The Insurance aspect of gold, is well mooted: but only comes good in a crisis. Precisely when it will suddenly NOT be available in any ETF or chain product or some vault that is not your own safe or bullion vault.




Note " silver prices rise when debt increases, " and we are probably at this cycle low for rates. ergo silver should rise stronly over the next several years as rates rise.
To me there has always been serious scope for a rate rise running out of control, at least to the levels of the 1970's. Once US rates exceed 3% they shall become utterly impossible to keep hold of.
Which means there has to be a fair possibility of a high in silver similar to the $35 of 1980 but, Inflation adjusted.
It should probably see gold do the same, I don't know.

[gaaston] 01/12/2016 17:42

simple for me: American stocks are on outrageous p/e's and dollar sky-high, so, pm's are unwanted and are currently ready for whatever grim news is next on the agenda.
"Events dear boy"

I can recommend, Bullion vault for physical silver (or gold). They have a superlative
trading screen and you can invest money within two seconds, or leave your desired price with them. Fine buy/sell spread with actual peeps and minimal % too. 5 locations throughout the world and my site is in Zurich Switzerland. Good luck to everyone.

[topicel] 01/12/2016 17:16

There you go Hect, another promising or revealing to the other half! Breaktwister also needs to make caveats with his promises, like our PMs need to be at a half decent valuation.

I too have 'promised' a big expenditure, an extension in our case. But sensibly with the said proviso that the funds (otherwise known as the investments in HOC and Fres) need to be at a certain level. And of course the recent knock downs have buried that level by 25% or more... :(

But as you say H, for some reason I'm a little sanguine about it for I don't see that total capitulation back to early 2016 prices or the real shorters turning up in droves.

Could be of course they're too busy making money to wind us all up ... ;)

Topicel

[breaktwister] 01/12/2016 17:09

Hi charles, no, I am not bullish on house prices but I promised my other half and we have found a good deal so had to bite the bullet.

[hectorp] 01/12/2016 16:53

This to me is nothing like a rout or bear presence on the gold and silver threads, that would be many more bears calling the prices down, to 800, 700 600 and silver to under 10 dollars. There are almost no such posters around. So we are not even in a fear phase yet. ( I dont know why I am sanguine about that as I own the stuff).
- Interesting to see HSBC bullish of silver for 2017 due to falling production:
were theHSBC targets $18.75 average for silver in 2017 with a range from 16 to 21.5. And are they not losers on this year's comex stakes. Perhaps they are decent after all!

The Italian vote rodders I have taken my eye off that story, I spend a lot of time covering middle East /Syria Iraq newsflow and oil too.

[onedayrodders] 01/12/2016 15:40

I'll be concerned for PM's if the Italian vote comes and goes with no noise