I know there are a good few gold speculators on here - and I was looking at my graphs etc via the net - astonishing 17% overall rise on an ounce for a year today
£170 return on a grand is frankly awesome
The Iran "scare" caused a small "blip" - but overall im glad to say that the folk I know who also bought are doing well in the current uncertainty of Brexit, Mexit, Iran, Trump, fires etc
Do any of you set a trade out price as such - ie a checkout price which if it hits you sell?
I was buying at £800 an ounce a few years back..mainly Krugerrands. Cashed up when they went up a tad and unfortunately the price hasn’t dropped back since..I do like gold as you can handle it unlike silver as it blemishes. I’d like more but won’t be paying the current prices. Maybe that means il never buy again but I’d like to buy the dip and not the high...
Quite a few guys at work buy it or have over the years with a view to conveniently avoiding inheritance tax one day...(one guy I know has a “tin of biscuits” for his kids!).no vat on price unlike silver ( or so I think)
Looked at it a few times but never been sure.
Do you have any places you recommend buying from?
I've used these a few times, very good.Originally Posted by hawkit
https://www.bullionbypost.co.uk
I had mixed results trading gold at 10x leverage. Probably better to just buy coins and pass on to the kids in years to come. "Some" people believe the Gold and Bitcoin are both worthy long-term investments, just depends what your risk appetite is like.
Thanks, will have a look !
Cheapest, including postage is usually Baird & Co of London. The rest are more expensive on average.
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here s a link to a gold monitor site and cheapest place to buy at any one time in uk( i have no connection other than we use it on the sliver forum)
http://goldprice.eu5.net/
your welcome :-)
Does he mean he has bullion in a biscuit tin which he won't declare or that he has loads of gold coins which act as legal tender and therefore are exempt from CGT? Not judging, just wondering. If his kids (or anyone else) popped up with say £50k of gold and wanted to sell it wouldn't they be asked where it came from etc?
It is my understanding,happy to be corrected, that british gold coins can be passes at face value for inheritance, so a sovereign worth 280 ish currently is classed as a quid.
Yes the sovereigns produced after a certain date are classed as tender so (I believe, from researching earlier today) don't quality for inheritance tax or captain gains. Actual billion does.
You also seem to have a tax free allowance for selling bullion every April of just under 12k so you could split a transaction over two tax free periods a week apart in April to sell just under 24k tax free.
Quite interesting but a little over my head.
He owns gold sovereigns I’m pretty sure.
Trouble is, he's also avoiding any income which, over the years, doesn't half add up, especially if compounded.
Atkinsons, bullion by post, silver to go (for silver obviously)
FTSE 250 was up c25% (+ dividends) and the FTSE 100 about 12% (+ dividends).
If only I had foresight to invest at the right times!! I have forecast 37 of the last 2 stock market crashes!
Last edited by David_D; 9th January 2020 at 18:43.
I really don’t understand why you all mess about buying physical gold and sovereigns. Just buy an ETF such as GBS that you can hold in your ISA.
Job done.
This is what I've been wondering although not for inheritance granted.
Last edited by wileeeeeey; 10th January 2020 at 22:39.
Yep or go more extreme and leverage - IG has gold. Thats my platform at the moment. Now its hit new heights I am out. Got no idea what it will do next TBH (well I never did as above its a gamble).
I have been messing around trading it the last 6 months. Its gambling with 'fun money' but its been a good ride. I will probably get smashed this year
Appreciate that the OP has posted about speculating on gold but the flip sides which can also work is as a long term investment and could also work as non taxable inheritance when bought as sovereigns or other so called coins of the realm.
Last edited by bobc; 10th January 2020 at 22:43.
True, one of my close friends is a jeweller specialising in gold, he has mentioned this a few times.
1oz Britannia's are quite a good way of investing. VAT except (unlike foreign coins/bullion), are not subject to CGT and for inheritance purposes are valued at face value (£100) rather than actual value which is over £1000.
Something nice for the kiddies.
Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
Friedrich Nietzsche
Often wondered what would happen if 104 year old “Mr Smith” who had 5 million quid in the bank as well as a newly diagnosed terminal illness, decided to buy £5,000,000 of Britannia coins before he died.
Would the treasury have tax his pot of gold at face value ( Britannias have a face value of £100) or would they be able to tax it at market value?
iShares Physical Gold ETC (GBP)
^ try this ^.
Looks like the price of gold is soaring due to uncertainty caused by the coronavirus.
Not just because of Coronavirus, but yes certainly an additional factor
Yes you’re quite right sir! Just basing it on an email I received from Bullion by Post yesterday. A quick excerpt...
The rally, started by tech giant Apple's warning over the impact of the Covid-19 outbreak, has continued at a steady pace all week. This has been boosted by further warnings from airlines Air France-KLM and Qantas, as well as shipping company Maersk. In another worrying sign today, China's car association reported a staggering 92% drop in car sales.
I bought an ounce in June last year just to see what an ounce of gold looks like really! Thinking of selling next week. The bulk of
It can go towards a watch purchase and the profit can be spent on frivolous things.
Do they actually buy gold when people invest or does the fund just track the price and your investment just gets invested elsewhere by iShares ?
I have physical gold as part of a diversified portfolio ( would not just have physical) , both bullion and Numismatic , as I have isas( cash & S&S which has gold funds ), premium bonds ( you never know! and you can have your money back :-))
I am currently collecting the QB gold coins it nice to have something you can touch , admire etc unlike shares, and if you believe the SWHTF then paper fiat money may/will become useless ?
Petropavlovsk “POG” is a very leveraged gold play
Do you hold the actual gold or use funds?
SWHTF?
Last edited by Montello; 22nd February 2020 at 15:02.
It's not a fund, but a collateralised note (reason being that you cannot buy physical commodities into a UCITS fund). You do have some credit risk on the issuer, which is relevant if you are buying gold to protect yourself against the zombie apocalypse - that's what they are trying to address with the collateralisation.
Trouble is that you still cannot use the gold for barter trade against canned food and guns in case of the apocalypse (which you could if you bought coins).
And to answer your question: yes, they are buying fresh quantities of physical gold for every new investment into the note.
Someone who lies about the little things will lie about the big things too.
So their gold holding matches the find value give or take a bit.
Yes, but it is not formally held on behalf of the investors like a regulated fund would be. Investors are owning a claim against the issuer, they don't own a fraction of the gold. That claim is collateralised with the gold, which is held in escrow.
Someone who lies about the little things will lie about the big things too.
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