People who fear losing the value of paper money may wish to invest in precious metals.

In the UK, we can buy Gold with no VAT, but Silver is liable to VAT on top at 15%, going up to 17.5% again in January.

This is not fair, some people are completely priced out of the Gold market now, which makes VAT on Silver all the more unfair.

Canadian Maple coins, UK Britannias and American Eagles coins for example, are LEGAL TENDER yet are also liable to VAT to the Chancellor - this is robbery!

Please sign the Downing Street Petition to end this VAT on Silver once and for all, the more signatures we get, the higher to the top of the list it will go. Please sign, its' in the interests of every investor!




The petition reads:

We the undersigned petition the Prime Minister to Abolish VAT
on Silver Coins and Bullion to bring equality with the No-VAT
position on Gold

In the UK, people have enjoyed being able to invest in Gold
Bullion and Coins with no VAT to pay. However, Silver coins
and bullion suffer VAT at 15%, soon to go up to 17.5% in
January 2010. This disparity is illogical and grossly unfair,
and penalizes people of lower wealth who have now been priced
out of the gold market completely. We ask to Prime Minister to
abolish VAT on silver to bring it into an equal playing field
with gold to allow the less well-off to invest in precious
metals without the inbuilt-loss of 15% (soon 17.5%) the moment
the silver leaves the dealers shop.




[Please search Google for 'Downing Street Petitions' and when you get there search 'Silver VAT' and you can find the Petition, as I new user I cannot post a direct link which is a bit frustrating]