This is why I no longer buy Gold Bars!
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#Preciousmetals #Gold #silver
24 Comments
Agree also buddy! I'm hoping this plan of mine to obtain as many 1oz silver britiannias is going to pay off, as the Capitial gains tax changes in the UK has become a concern for me
They tax gold bars in GB with the same purity? Makes no sense.
Hi mate
Except only a moron show's their stack to someone irl
As you already know I've invested in a few silver britannia's but I think that I will be investing in a few gold britannia's this year also as they're VAT and CGT exempt.
Good job you're wearing them gloves for that plastic
do you keep your bars in the plastic or take them out?
don't have to report capital gains tax if you get paid cash for your gold bars , who would know
Where do you buy your gold bars and sovereigns from? Also based in the uk so just curious 👍
Where can I buy gold coins?? (save place)
In Saudi Arabia, gold coins got taxes on them, the bars don’t
Here in Finland is easier to sell gold bars than coins. I mean, If you really need money and you need it fast, you go to jewelery store, and not all shops accepts coins, but all accept bars.
Who on earth would report this income? Unless its an absurd amount that it raises eyebrows.
Premium is higher on coins
Very good points. I used to buy the bars too but now focus on coins. I think they’re both good but for a few bucks more the coins make more sense.
How easy is it to sell Britannia gold coins and where do you sell them?
But the issue is every time i plan to buy gold britannia, i end up buying coin from another mint which arent CGT free, those designs can be very tempting 😂
can't exchange for world currency that's the problem. you have to find pawn dealer
Usually if you purchase coins from the mint of your country of residense, they have a cash face value (very low) but are not taxable as an investment
Get the dumbass ringlight out the way
Gold coins
Get off the system and get into barter. Then you won't be paying taxes.
Why would you buy coins instead of bars ? I’m new to the scene lol
ive been trying to scourer information on the last 10 years of which comes out on top as the better investment say between 10oz gold coin and 10 oz gold bar even with the expemption of CGT on the coin ( and if it would be worth the illegal practice of melting said 10oz of coin to make 10oz of bar) hypotheticaly of course