JohnA1

I can relate to the lake bit

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..

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..

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..

Gold monitoring thread
Currently occupied by gold-related issues (in some form)

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..

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. 

You do know sovereigns, britannias, silver brits etc are CGT-exempt, right?

Any profit from CGT coins can go towards a new TV licence.
 

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..

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.

Why would you try and make it anyone else's business?
Is it their business?

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. 

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..

You do know sovereigns, britannias, silver brits etc are CGT-exempt, right?

🤔😮once you bother to get a license, try some of the bbc stuff…. sovereigns turning up on all the auction programmes!🤔😮 Two genuine sovereigns bought at a car boot £30 or £40 each, rather off set though by a very cheap sovereign set bought for £35 …. Victorias head on one side and dated 1981 on the other!🤔😮

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

Perhaps a current occupier thread? 

The Current Occupier

I must keep getting lost, as I keep trying to get to the NBS, but find myself stumbling onto the Gold Monitoring Cryptocurrency  T.V license Politics Plantagenet Pen Thread.

The Current Occupier

The Current Occupier

The Current Occupier

who changed the TV licence debate without warning?!

Hell yeah. The original definition of the dollar (before it was defined in gold weight) was 371.25 grains (troy) of fine silver
 
As for the Pound Sterling, well...😄