Spring is here, the leaves are blooming and I hope everyone who is reading this is enjoying some sunshine.
Well the 85 One kilo Copper bars are in stock but there's a slight problem in that they weren't stamped quite hard enough. Which means, the 'O' on the word 'Kilo' is missing on most bars. The polishing is beautiful as always though.
I was at a pressings workshop today to try a solution and tried a much heavier press and we pressed at 100 tonnes getting a beautiful result on one of the faulty bars so, fingers crossed they'll be re stamped and will all look perfect.
I'm selling the bars at a discount should anyone not mind a missing O.
We also tried stamping a 1 kilo ingot of Tin at 100 tonnes pressure. It didn't work out quite right. It spatted it! :)
An expensive mistake but it was funny.
Tax
I get a lot of American people wanting to buy a lot of copper bars but I haven't worked out the tax VAT implications. In UK we're taxed VAT at 20% and it's difficult for a small trader to have that removed, which may mean Americans paying British VAT and American import duty, which can make the bars very expensive.
I'm sure it's not too difficult to figure out though and it would be good to supply to America at a decent price.
Silver hit another 30 year high today of $42.82.
Chinese inflation has jumped again raising prices on food.
Moody's have downgraded Ireland's credit rating again.
Basically the world is in trouble. If you leave your money in a bank, the Pound, Euro or Dollar you had at the start of the year will be worth I believe 95pence, or cents by the end of the year.
http://buycopper.co.uk/
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