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Posts posted by JohnA1
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3 hours ago, Saxon79 said:
My idea behind buying some Silver was to hold it at least 10 years.
This makes more sense for stacking silver.
If you are prepared to sit on it for 10years plus, then you have the right attitude to tackle the speculative element of silver stacking.
The wrong attitude is to keep checking the price every day and biatch and moan when you've 'lost'. We only gain/lose when we actually sell, by the way.
Stacking silver is for contrarian thinking in my view. It is unloved by the (rigged) markets, a look at recent price history indicates it's going nowhere, a loser choice. A deadbeat investment.
Industry loves it though, and in real terms it is extremely cheap and getting cheaper by the year. I love it!
For short-mid-long term savings, stick to sovereigns/britannias.
If you are prepared for a price explosion that may happen anytime (even after you're gone though) then silver is right up there
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Nice one.
Looks like a mechanical version of the Sigma Pro.
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1 hour ago, GoldDiggerDave said:
Well done, it's not sexy and you don't see the reward today. ..
Well you can - just calculate the interest part of the payment you were making before and the ones you'll be making now.
Even if your payment amounts seem the same, you'll be now paying more off the capital and less in interest. So fewer payments left.
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5 hours ago, Fenlander1 said:
damn too late, thanks Fenlander👍
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Update:
Local high street Barclays branch is now a boarded-up ghost
Changed preferences on Amazon to default to CapitalOne credit card instead of Barclaycard.
Barclaycard updated their app - now there is no reference to 'paperless'
Hmmm...
Bit like the plandemic - they claimed you wouldn't be able to function without their ridiculous certificate, then they back-pedalled and act as if it never happened
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If it fails the ping test comprehensively, then I doubt the metal composition has enough silver.
Sigma 'classic' would do fine.
How does it play with a neodymium magnet?
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9 minutes ago, Earthmetal said:
I can't, it's all Greek to me.
That was the apocalypse of John.
Nostradamus was not Greek
- stefffana and NumisNewbie
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I can relate to the lake bit
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2 minutes ago, Leonmarsh said:
Get him bloody provided with sound advice John 😄
There are people on this forum who know a lot more than I do on PMs
I first pulled the trigger early 2015, it is highly likely there are people here who've been in the game far, far longer..
- Coverte and treetop1280
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5 minutes ago, treetop1280 said:
Thanks John , one more question , ( then you can have a well earned brain break 😀) , so foreign coins you would pay capital gains on ???
Foreign coins (Kruggerands etc) - if you cash them into a dealer, then they have to inform HMRC and (theoretically) it has to be treated as a potentially taxable event. The level of any potential Capital Gains Tax would depend on the HMRC terms at the time.
In general, if it has been issued by the Royal Mint and if it has a GBP value printed on it, then it is a CGT-exempt coin.
Others may correct me if there are odd exceptions.
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5 minutes ago, treetop1280 said:
John I have thought about it , I thought the whole idea of collecting gold , was to pass it in to the next generation ( John I’m thick as f , Zero o levels , so give me a pass , on daft question) I’m a believer in never be afraid to ask a daft question) so passing it on is the right thing to do , yes or no👍
Your question is reasonable and definately not daft. I am not sure there is such a thing as a daft question anyway (leading question, maybe!)
In my opinion, passing on gold/silver to the next generation is one of the most efficient ways to transfer wealth. (for property I'd look into appropriate trust structures)
In the UK juristiction, coins like Sovereigns, Gold/Silver Britannias and the like have the added advantage of being exempt of capital gains tax. Therefore they are transparent as far as HMRC is concerned. They do not trigger a taxable event like a gold/silver bar would do. Or a non-UK gold coin.
In any case, I would still keep outsiders (corporations or individuals) away from my own private affairs, irrespective of CGT status if it is none of their business.
Others feel differently, however..
- Earthmetal, MrStacker, treetop1280 and 1 other
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9 minutes ago, treetop1280 said:
My point , so in years to come , my kids send x amount of sovereigns to Atkinsons , then x amount goes into there bank account , and all is well , say for talks sake , the revenue snoop into there accounts , and ask where did that x amount come from , they don’t have anything to worry about
Gold and silver have been legal money since (at least) Roman times.
Unlike promisory notes (currencies, bonds, stocks etc) they are nobody else's liability.
Now why on earth would I want to go and make them someone else's liabilty? Involving corporations like a bullion dealer, the Crown corporation etc means agreeing to their contractual terms. Leave aside the CGT status of selected products, that is decided by some corporate entity and followed by those who choose to engage with them.
Think about it.
It is more about how we (and our children) stand in life.
- Coverte and treetop1280
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Just now, treetop1280 said:
Thanks John , so you can pass them on , as many as you want , and it’s no one’s business???
Why would you try and make it anyone else's business?
Is it their business?
- AuricGoldfinger and treetop1280
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6 minutes ago, treetop1280 said:
My genius plan ????? I try to stash as much gold as I can , then pass it on the kids , , they in turn , keep it for a rainy day , I thought this capital gains tax , thing does not apply to gold , especially sovereigns or brittania coins , as they are still classed a currency ,
You do know sovereigns, britannias, silver brits etc are CGT-exempt, right?
- Coverte and Fenlander1
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1 hour ago, Coverte said:
Is this still the alleged Gold price thread ................ 🤔
Gold monitoring thread
Currently occupied by gold-related issues (in some form)
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11 minutes ago, Gruff said:
True and I get that. however lets look at Africa to see what European values brought to them?
I have a hundred trillion European values (from 2008) Zimbambwe (Rhodesia, whateva) we taught the natives.
I'm sure there are thousands of other similar dollar banknotes to remind them how much to trust us and our 'western' value systems..
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3 minutes ago, Earthmetal said:
So, a quid ought to buy $18.85c.
Yep, it kicked arse back then
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3 minutes ago, SeverinDigsSovereigns said:
Like genital mutilation, wife beating, lynching, chopping bits off, ish... Doesn't hurt if you are not part of the culture, and may well leave them alone. But then the more moral of us wouldn't be happy. We get criticised for taking actions, we also get criticised for not taking action. Bit like the banks aren't we...
It's an ecosystem.
You change one thing (with good intentions) and 20 others fall apart. Hard to tell in advance what the repercussions will be in a tightly-coupled mature system
Spotting Precious Metal Scams
in General Precious Metals
Posted · Edited by JohnA1
A fool and his money are soon parted.
I like the 'police officer' twist. As if you know who they work for (what is the so-called police station registered as?)
As if you have a contract with them. At least with the bank you have (heavily skewed) T&Cs to fall back on