HonestMoneyGoldSilver

My friend there is only one type of person who uses Monero. Am I right or am I right? Try WHM, Bohemia or Dread

You might wanna have a quick read below, a barrel of laughs so it is. You want to charge 10% over market price with 0 feedback. You want to meet in person and get crypto so nobody has your name or recourse if anything goes wrong. Then you want to subject both yourself and your counterparty to potential criminal penalties by deliberately obfuscating taxable events. You've done all of this on a public forum plus asked for a currency (MONERO) that is a keyword trigger for SOCA: Can HMRC track crypto? Yes - HMRC can track cryptocurrency. HMRC has a data-sharing program with all UK exchanges. HMRC has crypto transaction data from as far back as 2014. HMRC has the KYC information you provided when signing up for any UK exchange or wallet. HMRC confirmed a couple of years ago that they were working with large crypto exchanges to share customer information provided from Know Your Customer (KYC) identification records. HMRC is using this information to send nudge letters to crypto investors reminding them to report their crypto and pay their taxes. In January 2022, Coinbase began contacting customers with more than £3,000 in crypto to let them know they were sharing account information with HMRC. In March 2023, Coinbase began sending out emails to UK customers who received payments of more than £5,000 in fiat currency informing them that Coinbase had shared information about their account with HMRC, as required by the Finance Act. How is crypto taxed in the UK? There is no specific Bitcoin tax or cryptocurrency tax in the UK. Instead, your crypto will either be subject to Capital Gains Tax or Income Tax. The crypto tax you'll pay depends on the specific transactions you're making with your crypto. If you're seen to be making an income, you'll pay Income Tax. If you're seen to be making a capital gain, you'll pay Capital Gains Tax. Crypto Capital Gains Tax UK Because HMRC sees crypto as a capital asset, when you dispose of a capital asset - you'll pay Capital Gains Tax. Disposals of crypto include: Selling crypto for GBP or another fiat currency. Trading crypto for crypto, including stablecoins. Spending crypto on goods and services. Gifting crypto - unless it's to your spouse or civil partner. So anytime you sell, trade, spend, or gift crypto in the UK - you'll pay Capital Gains Tax as a result. Don't worry - you won't pay tax on the entire proceeds when you make a disposal. You'll only pay tax on crypto gains, so whenever you've made a profit. When do you need to report your crypto taxes to HMRC? The UK financial year runs from the 6th of April to the 5th of April the next year. So the financial year you'll be reporting on in 2024 is from the 6th of April 2022 to the 5th of April 2023. You need to report your taxes for this financial year by the 31st of January 2024. You'll declare all your crypto taxes in your Self Assessment Tax Return. Can crypto tax be avoided the UK? No - you can't outright avoid crypto tax without facing the wrath of HMRC How to report crypto taxes to HMRC You file your crypto taxes as part of your Self Assessment Tax Return. You can see our complete guide on reporting crypto to HMRC, but in summary: Report crypto capital gains and losses on: SA100 and Capital Gains Summary SA108. Report crypto income on: Box 17 of your Self Assessment Tax Return (SA100). Tax avoidance vs tax evasion – what’s the difference? Tax evasion and avoidance schemes are designed to reduce people’s tax bills and are both viewed negatively by HMRC. The difference between tax avoidance and tax evasion is that tax avoidance schemes operate within the law, but are described by HMRC as not being ‘in the spirit of the law’. Genuine mistakes on a tax return such as miscalculations and missed deadlines can also be considered tax avoidance. On the other hand, tax evasion involves deliberately withholding or providing inaccurate information to pay less tax. Examples of this include: providing false documents – creating fake invoices or contracts to reduce payments making false expense claims – claiming tax relief for costs you haven’t incurred failing to declare goods – or underestimating their value to pay less tax Is tax evasion illegal? Yes, tax evasion is treated as tax fraud. If you’re found guilty of tax evasion after an HMRC investigation, you could receive a big fine or a prison sentence. Read our guide on HMRC tax investigations to find out more about what happens during an investigation, what HMRC checks for, and the benefits of business legal protection insurance. What are the penalties for tax evasion in the UK? Anyone found guilty of income tax or VAT evasion could receive an unlimited fine or a maximum of seven years in prison. If you’re convicted of providing false documentation to HMRC, you could receive a six-month prison sentence or a maximum fine of £20,000. For the most serious cases of tax evasion, known as “cheating the public revenue”, offenders could be sentenced to life in prison and/or an unlimited fine.

One likes to help with marketing every now and then: 1oz Tuvalu Black Panther Marvel Series Silver Coin, 2017 (bleyerbullion.co.uk) (says 2017 in the link but it's 2018 and priced at £52.91 on the Margin Scheme) Amazing the premiums these fetch, more than double spot or in the case of Spiderman, more than 7 times spot!

Agreed. I gave the BBC reference but if you Google that article you will see dozens of different publications running the same story all pretty much saying the same thing. It's not that I believe them, it's that these things have been proven - market manipulation and other financial crimes by governments, central banks and financial institutions. Some have went through the system and there are court records, others have been settled out of court and there are the really big ones like in this article that are never held accountable even with meaningless fines.

If anyone is still unsure whether or not the central authorities manipulate markets, including the UK gov, US gov, EU, BoE, Fed, ECB and JPMorgan Chase .... Interest rate 'rigging' evidence 'covered up' by banks - BBC News On the plus side gold and silver are pretty much holding their gains from Friday. The Fed has been giving indications of a pause on 14th June. If that's true we should see the insiders bidding up gold over the next 2 weeks. I still think they will hike on 14th June and we're trading sideways/down from here to July but I'll happily accept the alternative

I'm no collector so I consider anything above Britannia bullion prices (currently around £25/coin) as semi-numismatic or numismatics 😂 My happy medium is Kookaburras and any series from Perth Mint/RAM really. I like the small premium above bullion items in the above post, QBs, lions, dragons, completers, etc. Then slightly more premium items from Scottsdale (Bible Series) and Germania are about as high as I go. I might occasionally buy things like this and I consider these premium: Patriot release 1oz - United Kingdom (Ungraded) - The Silver Forum Angel's Silver Brushed Satin Bar .999fs Hallmarked - United Kingdom (Ungraded) - The Silver Forum https://www.thesilverforum.com/topic/76276-10-ozt-bar-thor-mjolnir/ You can definitely make money buying the right numismatic coin even in silver with huge premiums, 5 times spot or more. If you hang around the forum and see what sells at what prices and how quickly, you will get a feel for what is profitable. Of course what's profitable and what you enjoy may be very different. There's also a flipping/scalping racket going on with the Royal Mint especially in gold but silver too. You might be interested in that. Basically people wait in RM queues or use their AMs to secure limited mintage coins (e.g. Coronation stuff, Memorial Sovereigns) and then immediately flip them for huge profits as the people that really wanted them couldn't buy any due to the flippers/scalpers. If you buy a few and sell two of them you've essentially got your coins for free

Here are a few more recent listings containing Kooks: Silver Bars, coins, rounds & gold chain - United Kingdom (Ungraded) - The Silver Forum Various 1oz Silver BU coins - Swan, Kookaburra, Panda, Brits, Dutch restrike dollar. - United Kingdom (Ungraded) - The Silver Forum Silver Kookaburra collection. Spot is up price held - United Kingdom (Ungraded) - The Silver Forum 3 lots of 10 x 1oz Silver Coin Bundles - now £265 delivered SD (without the milky kangaroo!)) SOLD - United Kingdom (Ungraded) - The Silver Forum x7 Silver 1oz coins - a nice mix! - United Kingdom (Ungraded) - The Silver Forum and Perth Mint 10oz Bars 10 oz Perth Mint bar 999FS £270 - United Kingdom (Ungraded) - The Silver Forum Mixed .999 Silver Bars - United Kingdom (Ungraded) - The Silver Forum

You are most welcome my friend. It's great to see lots of new members 🏆 Those products - Perth Mint bars and Kookaburras - are popular, especially the bars, and they will definitely sell at the right price. One thing to keep in mind is TSF is not eBay or Amazon. There are 0% fees and lots of educated precious metals enthusiasts, flippers and merchants. I recently bought these with free shipping: https://www.thesilverforum.com/topic/77705-silver-and-gold-bits-and-bobs/?do=findComment&comment=882064 That might give you an idea of price. That was a very competitive listing I don't want to scare you but you should know prices on TSF are significantly lower than eBay. Some on TSF sell at the lowest price for kudos rather than the highest price for kudos, basically the opposite of eBay. If common items are priced right on TSF they will sell within minutes As for auction vs fixed price, I'm no expert but my impression is that fixed-price listings for bullion tend to do better than auctions. People tend to know the truth worth of items so unless it's a numismatic or two people are competing over an item to complete a set, it's unlikely auctions will balloon beyond the true value of the item. In auction houses or eBay it's a different story and people will overbid, not so much on TSF that I've seen.

The larger, established businesses in Hong Kong and Singapore are excellent. They can afford to sell for less as they have 0% VAT on PMs, 0% CGT and have ridiculously low business and personal income taxes relative to Europe/UK/USA. Be very careful of private sellers though, totally unscrupulous!! Hong Kong is rated as the cheapest western market to buy gold and silver - they are the hub for all of China and other Asian countries - with Singapore not far behind. A lot of people use Kitco (Kitco Gold Index | How US Dollar Impacts Value of Gold | KITCO), which is a Canadian company with Asian HQ in Hong Kong.

I do like a Kook (when priced cheap of course 😂) This place is great for sovereigns, lots of sellers and competitive prices. If that's your thing you'll enjoy it here, especially with your Silver Membership 🥈 Welcome aboard, enjoy your purchases and GLWS! (Good Luck With Sales)

What do you call crazy prices? It's not unusual for a 2oz Silver High Relief Proof to sell for £200+ Best prices I can find in stock are £152.60 (HK$1484.62) + Ship 2021 2 oz Australia Brumby .9999 Silver High Relief Proof Coin (lpm.hk) LPM.HK are a well-known and respected dealer. They generally don't declare prices on CN22 (customs form), which may or may not be of interest. They have lots of nice items including Germania, Perth Mint, KOMSCO, Japanese Silver, Chinese Silver and just about everything else too Australia Silver Brumby 2021 - Proof High Relief - 2 oz (bullionstar.com) Bullionstar are another well-known and respected dealer from Singapore - £170.63 + Ship

Welcome Matt! You draw better with molten silver than I do with a pencil 🏆

Hey sorry forgot to get back to you. Yes I would take 2 of each (Slabs and Rounds) so 4 total. The Slab is my favourite. You'd do me a nice deal on all 4, right? 😂🙏

Folks would rather jump on the bandwagon than catch the knife. If silver has a few good days maybe this would sell but like @Squalleonhart said, why would you buy a monster box with no price breaks if you are selling tubes for the same price? You might have more luck with dealers (Goldcore, Chards, etc) than with private buyers. What private stacker/collector needs a monster box of a single year coin? More likely we fill a monster box with a tube each of different years, like 2000-2023 (two 2023 coins). If you did that with monster boxes you would have £312,500 of silver brits!

You're on the best site. To join cults you have to purchase a Premium Membership, Silver or above. Silver will give you access to the main cult - the early listings on the Buy, Sell and Trade section of TSF. The price of membership will likely be recouped via savings on your first purchase. BYB runs a great newsletter with offers (he also sells here on TSF) but the stock is limited and sells super fast. The forum has daily offers roughly on par with BYB although BYB is one of the most competitive sellers and beats average forum prices. He's also a great person to buy from as he tests everything and has lots of experience with bullion and numismatics. It is possible to find forum deals that are even more competitive than BYB though When you've reached the 20th Degree of Silver Forum Masonry, you can consider going Platinum, becoming a Knight of Malta and gaining access to the Platinum Lounge After that it's off to the NBS to gain the 32nd Degree of secret knowledge, joining the order of the Knights Templar and becoming Sovereign Grand Inspector General. Our current leader is Salesman32 (the 32 standing for 32nd Degree). You may challenge him in gold-to-gold combat to steal his crown. The rules are you wear a suit loaded down with each other's gold stacks and then jump into the deep end of the swimming pool. Whoever doesn't drown, wins, and keeps all the gold. Salesman32 also goes by the aliases of MBS (Mohammed Bin Salesman) and James32 This and more can be yours for the low, low price of all your free time, your fiat currency, sanity and decorum. I know you'll make the right choice. Welcome to the cult, sorry, Forum 😂

Welcome Chris! You add to the forum simply by being here 🥇

Minimum Increments: £3 (whole numbers only) The last bid before yours was £200 (a valid bid) therefore the minimum next bid is £203. You can bid above £203 if you so please but cannot bid £201 or £202

It was a snap call boat on the river, buy

I'm just glad this wasn't a selling post, I was getting ready to depart with more cash 😂

£169

If you find more behind the sofa HMU these are my style. I'm a closet yankee

Another super value listing, nice work mate!

Great listing sir. You've let 8/10 of those coins go for under market value and given the forum a lovely bargain. @Dickensa29 nice buy mate @James32 cheers you know me well, even if you wish you didn't 😂

ELI buy silver. I see it looks like someone took a brillo pad to it but how are you guys so sure it's fake just based on the pictures? I struggle with gold so I just cough up the tax to Royal Mint