scotwasp

If you have already sold them to your brother/cousin/relative a few times over the years and kept buying them back for less than every year’s capital gains limit (I’m sure you have)! Then your fine, just sell them on this site then buy what you want, or as suggested do the gold swap. I’m just thinking out loud here and am sure others will find a flaw in my suggestion. 😉

Lovely coins. Very nice examples. I have a quick question I will pm you with , I hope that is ok. 👍

Lovely coins. Very nice examples.

great coin - thx

Acht, just logged on for first time in a couple of days and missed them , great deal. 👏

Crikey I almost forgot that! lot 6 £1131

As the others have said, this is pretty typical, I have a couple of 1kg bars and this is what I would except, I have a couple of “shiny “ silver 1kg bars, but those were a lot more expensive and not really worth the money if you are just looking for best stacking value.

Thanks James, very good of you to organise this. 👍

Deutsche Bank, if not next, soon. Ok, I admit no one will believe a German bank could ever be in trouble, but that’s my guess.

No idea where gold will go next, I suspect within 4 or 5 week it will be a bit lower than where it is now, but While I buy for very long term reasons, I have never been more convinced that we will see real upwards movement over the next few years. As the petro dollar is negatively impacted by the BRICS the probability of Gold moving upwards becomes ever more inevitable. then again, I might be suffering from wishful thinking 🤔

Lot 6 £1105

I know buying gold now is probably nuts, but if your strategy is to buy every month to flatten your risk curve then you have to hold your nose and buy I guess, or should I abandon the strategy this month? what your views?

Exactly, we are conditioned to behave as this thread is mainly recommending, I would suggest that to pay off debt (low interest) in this current inflationary climate is unwise, if your debt charges interest above inflation, pay it off, if not it is an asset, keep it and make a profit. You pay off your mortgage you will struggle to raise that debt again. This is a gold thread and we are here, I guess, because we believe it has a purpose, if you believe gold beats your interest rate, buy gold and keep the mortgage, if not , pay it off by all means.

And to keep it on track, gold uk coins with no capital gains tax must be a consideration at the moment to beat the banks and your isa if you think, as I do, that they will probably beat inflation and definitely beat your mortgage rate.

Why pay off your mortgage, your interest rate is significantly below inflation, which means your winning against the bank, as long as you use your money wisely and beat what your being charged in interest then you win, if your not sure you can then fair enough pay off the mortgage, but what ever you owe the bank right now is reducing by 10% real terms. just throwing this in as an alternative view.

Nice quote, can I ask where is it from?

But the our big brother state wouldn’t know who to keep their eye on 🤔

It’s not a pawn shop, more bric-à-brac, the chap does loads of house clearances etc. One never divulges the location of the goose that lays the golden eggs 👍😁😁

This forum is probably your easiest option or find a local dealer, I have a lovely local dealer who is still selling me proof coins at £22/23 and non proof coins at £20/21 but that is exceptional, I still buy here as there are dozens of very decent sellers selling at very good prices. My personal opinion is to avoid eBay like the plague.

I reckon/hope it could go down a bit, but with inflation going the way it is I’m sure that it is inevitable that we will see it strengthen in the next few years. I don’t ever worry about the next few weeks or months as I accept that I don’t have a clue, therefore I just buy a wee bit ever month. I am, however, banking on medium and long term growth compared to sterling. If I’m wrong I guess I will still have something shiny to look at 😁

Never thought of that, I think that’s one for @LawrenceChard to answer

You can of course simply give your money to your brother/sister’mother/etc to buy for you if you don’t want to breach the threshold.

I get that it’s not the dealers fault, it just seams perverse that I can go into a jewellery shop and buy £250k of watches over a year (I wish) and no one cares, but buy £12k of sovereigns and they are forced to report. It just stinks of government overreach and begs the question , why? I reckon it’s also pretty blooming unfair on the dealers.

Yip I get that, it’s the idea that they send a report to the government because you buy something I find a bit off. If the government wants to know what you are spending your money on, then it would be pretty hard to stop them unless you use cash, but to have a report sent I personally think is big brother gone mad.

If you really want to do this for personal reasons, maybe don’t go to 1kg bars, I like them but I suspect you might find that 250 gram bars are significantly more liquid. just a thought. 👍