/biz/ - Business & Finance

Asked a few threads back, but no one bit, so here we go again:
>>28163271
>https://silvergoldbull.com/
>>28085865
>silvergoldbull.com
WTF? They accept crypto as payment AND ship to Europe?!
Tempting! But
>Cryptocurrency payments may require valid photo ID and matching address verification (we will contact you if required). The payment must be completed within 10 minutes of placing your order due to exchange rate volatility. Please ensure to include all applicable fees.
is worrying. There's no way I'm sending out my ID to anyone. How likely is that to happen with a small (sub 1k€) order and what happens if I say
>nope
Also, how easy is it to fuck up a crypto payment? Never done that and no one else does…

However, what's up with their prices?
If I understand their site correctly, the quoted prices are without tax and without shipping.
Let's take the 1oz maple leaf. It's 30.73€ at silvergoldbull, + shipping (20something€) + tax (6€, I suppose), so 33+x% above spot, whereas I can get one (website says they have it…) for 28.9€ (tax included, but no shipping, but I can just walk for 10 minutes to their shop, so about 24% above spot) at philoro.at.
WTF? I thought stuff was cheaper at the other side of the pond? Or are those the insane premiums everyone is talking about, that haven't yet landed in small Austria? A half kg bar at Ögussa is 483.5€ whereas it's 524€ (though not in stock) at Degussa and both are more above spot than the 1oz maple.
How does that work? I thought bigger bars where cheaper per oz and coins (in Germany) are now just taxed normally?
I'm lost.
Fun pic from 2017 when I didn't buy shit for comparison.

>>2819687
>highly affordable silver
Yeah, no…
At least not for us germanons.
If you want to avoid paying more by buying bigger pieces, that means buying bars, but those are taxed.
So you gotta buy coins, but for those you pay collectors premium.
I guess I'll just buy a pan and head for the mountains, to pan for gold.

also, I was bored this moring, so here's a PSA for my fellow Goldbernds.
I calculated the premium over spot degussa is asking for, with various things.
tl;dr: If you want silver, buy a tube of the Niue owl, or if you just want to spend a small sum, buy 1oz Noas ark and totally avoid the 1oz bar (fuckin taxes…).
for gold, get the 1kg bar, or if you can't afford that, some old chilenian 10 Pesos coin or an old belgian 20F coin. And totally avoid the new french 250€ coin.

Isn't the whole idea behind bullion coins that their stamped on value is always less than their ag/au worth? That fucker has a way lower spot price, and even with markup its dangerously close.
I'm not sure how that works, but aren't you supposed to be able to exchange it for its printed worth at the central bank? If gold drops, but the euro doesn't, that could actually be a good hedge.