LemmyMcGregor

I like privacy. What I do with my money is nobody's business.
With a very few exception, I don't trust anyone, and the State is the entity I trust the least. Historically the worse atrocities have not been committed by individuals, but by governments, and the fact that the government would want to track everything I do is a scare proposition.
Polish extermination? Government.
Cossaks extermination? Government.
Jew extermination? Government.
Holodomor? Government.
Armenian genocide? Government.
Ah! But those are things of the past!
Uyghur genocide. Ongoing, government.
Rohingya genocide. Ongoing, government.
Darfur genocide. Ongoing, government.
Governments that want to abuse their population first remove their ability to defend themselves, queue gun control and removal, then remove their ability to store wealth, so they take the gold.
Now, I am confident that you have absolute trust in the British government, all parties have solid proven records of trustworthyness and we should give them all our details knowing that are in safe hands, who would not trust our Tory government or a possible Labour government with all of out private information? You know, the guys that keep repeating that we need a wealth tax.
But bare with me for a minute, say that by chance someone not trustworthy takes over, or maybe we are invaded by a foreign entity or, without going to excesses, the government gets hacked, or someone steals and sell that data, and now you have a bad actor that knows exactly what and where you have it, would you not have wanted to keep that data private? And what better way to keep that data private than to use cash?

I like privacy. What I do with my money is nobody's business.
With a very few exception, I don't trust anyone, and the State is the entity I trust the least. Historically the worse atrocities have not been committed by individuals, but by governments, and the fact that the government would want to track everything I do is a scare proposition.
Polish extermination? Government.
Cossaks extermination? Government.
Jew extermination? Government.
Holodomor? Government.
Armenian genocide? Government.
Ah! But those are things of the past!
Uyghur genocide. Ongoing, government.
Rohingya genocide. Ongoing, government.
Darfur genocide. Ongoing, government.
Governments that want to abuse their population first remove their ability to defend themselves, queue gun control and removal, then remove their ability to store wealth, so they take the gold.
Now, I am confident that you have absolute trust in the British government, all parties have solid proven records of trustworthyness and we should give them all our details knowing that are in safe hands, who would not trust our Tory government or a possible Labour government with all of out private information? You know, the guys that keep repeating that we need a wealth tax.
But bare with me for a minute, say that by chance someone not trustworthy takes over, or maybe we are invaded by a foreign entity or, without going to excesses, the government gets hacked, or someone steals and sell that data, and now you have a bad actor that knows exactly what and where you have it, would you not have wanted to keep that data private? And what better way to keep that data private than to use cash?

⬆️ This.

I can fully understand why a buyer wouldn't want to, as it will cost them seven or eight quid extra, but a seller? If they refuse it they're just not worth buying from ever again.

This whole current "money laundering" narrative is 99.999% 🐂💩 (Our government launders your tax through arms companies though) don't fall for it, cash is not 'a bad thing'.

ignore me, required for feedback
never mind the title, chucked in the date to make it unique and easy to find.

Not illegal to take cash just having to drive to the bank queue up and get the 3rd degree is not worth the hassle.
That's exactly what they want to make us go CBDC the we are all stuffed. Unless we vote for Donald Trump to be our PM

Some strange opinions here, along with some holier-than-thou attitudes.🤔.

I sold a car last year, £9,500. The bloke turned up with cash when he collected it. Didn't faze me a bit. What's the problem?

Worth bearing in mind that large amounts of cash can be legitimately sent via Royal Mail Special Delivery. With that in mind, most sellers on here ought to accept it. I certainly would.

I've been in full time employment since I left school in the 1980's and have paid income tax in full every week since then. If someone wants to avoid some of that, and has the means to do so, doesn't bother me one bit, good luck to 'em I say.

I would like to thank people on responding on my first post. Some of the advice is useful. Previously I have purchased & sold sovereigns . They sold at scrap price below spot price. It did not excite me. I am only investing in 24ct Gold . So Ounce coins such as Britania, Maple leaf, Australian Kangaroo, Austrian Philmoric mints or any 24ct bars are my choice of items. 
 
I am a tax paying citizen and have receipts of Vehicles bought & sold but who on earth would want to be under investigation of Hmrc ? Its a daunting investigation where all your bank accounts could be frozen until it’s completed. Also my bank charges 4 % cash handling fee. 

@Paul many of those dealers you listed do not accept cash at all, I called Baird , Gerrads, Atkinsons, and few more. And some of them do not offer counter service. Ideally I would like walkin counter service. 

Those dealers who can provide me invoice online with their bank account number can also be a good option. I am happy to keep transactions under £5000. 
@davegolddigger my dear Dvla does not care if you buy/sell and dealers accepts £millions cash in car  trading even with zero income proof. You can walk into car dealerships with unlimited amounts of cash and they will kiss your hands. You go to a Gold shop with over £10K . They will show you the door. They are completely different industries.  Its the Hmrc all gold dealerships are afraid off. Lets not divert the topic elsewhere
Much respect to all posters keep your advice coming:
 

Also to prevent the somewhat HMRC: ID details etc Keeping under the £5k trigger level for ID 
You could do:  x1 sov = £400 for sake of "simple maths" 
x10 sovereigns from BBP = £4,000 x10 sovereigns from Atkinsons = £4,000 x10 sovereigns from Chards = £4,000 x10 sovereigns from Hatton Garden Metals = £4,000 x10 sovereigns from Bleyer Bullion = £4,000 x10 sovereigns from ATS = £4,000 x10 sovereigns from Baird & Co = £4,000 x10 sovereigns from Sharps Pixley = £4,000 x10 sovereigns from TheGoldBullion= £4,000 x10 sovereigns from UKBullion= £4,000 x10 sovereigns from J Bludel = £4,000 x10 sovereigns from Gerrards = £4,000 and get your 1kg of gold without giving over your docs/proofs
But all the firms will still have your details on file for each sale, and you'd still need to pay by bank transfer  
 

to add to @morezone £5k is the limit for HMRC for a single transaction 
or £10k in cumulative transactions/purchases over a rolling calendar year for established dealers 
Very easy to reach that buying gold 
You have option to purchase in cash from a coin fair but these are only a few times a year, and in most time prices are far from competitive, and you can get them cheaper online  
You may find a dealer/semi professional /hobby dealer who can happily look the other way take cash that'll process "off the books" but you wont find them walking in as "Joe Public" off the street they don't know from Adam. 
I have a local jeweller/pawnbroker who i can get sovereigns for spot or 1%-2% so over spot, but it is only when he has been sat on them for a good while and they haven't shifted sat in the window. He gets rid of dead stock, makes profit from what he paid for it & gets fiat cash to keep in house he can use for his pawn broking, I get super cheap sov - Win Win for us both
I will pay him cash ££ over counter in person but I'm still paying, that percent or two more than he would get Baird & Co will pay him at "trade account rates" that'll be for their melting pot or their stock inventory.  But this is the first dealer Ive been able to get this with since stacking in 2008 who'll take this and make sales "off the books"
 

Dealers will require ID etc to comply with HMRC anti money laundering regs for large cash transactions.

Nixon, August 15th, 1971:
I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.
Texas, May 2nd, 2023:
In establishing the digital currency under Subsection (a)(2), the comptroller shall provide a means to ensure that a person who holds the digital currency may:
1. Use the digital currency as legal tender in payment of debt; and
2. By electronic means readily transfer or assign the digital currency to another person.
The trustee shall maintain enough gold and silver specie or bullion to provide for the redemption of all units of the digital currency issued but not redeemed.
Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a ‘reverse Gresham’s Law’ effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes).
As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.

Could be worse. 404, gold not found.

Ah yes, An English translation would be 92.5%

Have a guess about Nostradamus's predictions (gold related):
14
The great credit of gold and abundance of silver
will cause honor to be blinded by lust;
the offense of the adulterer will become known,
which will occur to his great dishonor.
 
28
The copies of gold and silver inflated,
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated by the debt.
All scrips and bonds will be wiped out.

What's that? Tell me more.

Who paid £1000 for the wonky Britannia? I forget. 

Says the man who paid £100 for a 50p from the mint.

Victoria head 1981 , I did ask mr fenlander  about that when I bough It , , he said “ it’s a special coin  for a special buyer “?? he assured me £700 was the going rate for a special sovereign , then he said “ if I buy two he would do me a deal and charge me £1500 for them both?????? “ bargain “

Start by buying a TV license, then watch gold rush on channel 143

Friday night …… anything happening with gold 🤔😮anywhere….. anyone?🤔😮🫢😳😳
 
 
 
 

There is no debate. There's some on here who don't watch television, then there's the rest, who are all wrong.

Could be worse. 404, gold not found.