Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Lancashire1

Member
  • Posts

    32
  • Joined

  • Last visited

  • Trading Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Lancashire1 got a reaction from MickB in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  2. Like
    Lancashire1 reacted to Bratnia in Gold Monitoring Thread £ GBP only   
    This goes back around 5 years : UK Retail clients are restricted from trading in US funds. Opening orders from retail investors residing in the European Economic Area (EEA) who attempt to enter an opening order that are associated with a product that does not comply with the EU's Packaged Retail and Insurance-based Investment Product Regulation (PRIIPS) will be rejected. The regulation is intended to enhance understanding of these products through the provision of disclosure documentation. This documentation is referred to as the Key Information Document (or "KID") which. The KID provides information such as product description, costs, risks & performance. KID's are mostly a useless document and US fund managers can't be bothered with creating/registering/maintaining/administering them on the behalf of potential European potential investors and the different compliance matters that involves.
    Just as bad is that Americans will find it difficult to open/run bank/brokerage accounts within Europe. Most banks/brokers simply refuse. Again due to the reporting/compliance matters that involves.
    In many cases for major funds like the US S&P500 you'll find that there are ETF's listed in Ireland that you can trade from within Europe. A factor there is that now that the UK is outside of the EU there is a risk that access to Irish (EU) based funds might at any time be dropped/changed, which if that investment has built up a considerable capital gain could mean a large tax hit in having to sell/move that capital. There are no ETF's domiciled within the UK that I know of, typically the alternative is Investment Trusts, stocks that list in London, whose primary 'business' is buying/selling shares i.e. same/similar to a ETF/fund. A factor there is that like any other stock you'll pay a 0.5% stamp duty to buy. FCIT https://www.fandc.com/ for instance has been running since 1868 and might be considered similar to a world stock index fund. There are loads of other Investment Trusts that individually target particular choices of asset allocations/styles. Trustnet https://www.trustnet.com/factsheets/t/fj19/foreign-&-colonial-inv-tst is a good web site for researching those.
    For yet further reading https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act FATCA was largely responsible for the EU opting to go with PRIIPS/KID's. Fundamentally a shift towards where states knowing where every penny you have came from and is saved/spent, as when others know such detail its no longer your wealth, instead its just a loan. All driven through under the pretext of anti money laundering/tax evasion - but that gives no regard/protection against extreme levels of taxation or other forms of state driven confiscation. Physical gold and hard cash are the last remaining stands, but likely in time they also fall. Crypto is a potential counter, however states are doing their utmost to hinder/cripple/ban that, might still exist but in a form that the state(s) directly control.
    The UK tax rulebook (HMRC) has also been massively expanded and is obscure in many ways to the extent that anyone could be found to have broken a rule somewhere i.e. a transition from innocent until proven guilty to a automatic assumption of guilty unless you can prove otherwise. Society reflects that and socially its more like a Open Prison, where your movements, transactions, thoughts ..etc. are all recorded/monitored by the state. But the younger gen have just accepted/aided such a transition - seemingly just don't care. A couple of centuries ago and the state couldn't even introduce income taxes - because too many considered that to be none of the states business of how much they earned/had.
    As that progresses further things will become even worse, no hard cash, electronic only and the banks can charge fees that cannot be avoided, as might the state define who and what can buy/sell things. Councils will increasingly automatically fine individuals for traps ... jaywalking etc. Similar to Demolition Man where Stallone was repeatedly fined for swearing

  3. Like
    Lancashire1 reacted to SidS in Labour government - Potential rise in VAT   
    This is the same party that had Gordon Brown as Chancellor of the Exchequer though.
  4. Thanks
    Lancashire1 reacted to HonestMoneyGoldSilver in Labour government - Potential rise in VAT   
    KCIII is the biggest globalist of them all. He supports open borders. He went on TV to publicly gift London, "to the world", and in his first Christmas speech he mentioned, "All faiths and those with none", which is a direct violation of his sacred duty as, "Defender of THE faith", not defender of ALL faiths. KCIII is a traitor to the British people. He wants net zero, 15-minute cities, loves mass migration and Ursula von der Leyen, he wants the UK to be part of the socialist globalist framework of the EU
    We have no hope of a Royal intervention because:
    1) KCIII supports WEFminster and is an affirmed neo-Marxist globalist
    2) QEII knew it and so does KCIII - the first time the British monarch flexes their muscles and overrules Parliament or takes back control of the country, will be the last time the monarch ever does that. There's one bullet left in the chamber after which the monarchy will end
    3) Some people including Tim Cohen since Charles' days as Prince of Wales, believe KCIII is actually the Antichrist ("The Antichrist and a Cup of Tea")
  5. Thanks
    Lancashire1 reacted to Bratnia in Labour government - Potential rise in VAT   
    Not a fan of royalty, however if the King did declare a emergency such as the UK being invaded and no action being taken by Parliament to repel that invasion, and exercised his 'emergency' prerogative to disband the grossly incompetent and expensive parliament, instating martial law around Westminster to enforce that, I'd actually give that my support rather than supporting the continuation of the democratic pretense autocracy that we're currently tied into.
    Instruct the navy to sail the channel and any invaders repelled (or destroyed) by military force. International law binds us to accept asylum claims however anyone arriving from a safe country should not be considered as being at greater harm than that of running into a military force with repel or kill orders for defending the UK's borders. The only time that might (should be) permitted is if France were to be declared a unsafe country and a flow of refugees permitted.
  6. Like
    Lancashire1 reacted to flyingveepixie in Labour government - Potential rise in VAT   
    As long as I can remember it has been Labour policy to tax and spend, buggering up the economy every time they get into power ever since the 1970s. (Yes I know the tories have royally buggered it up too). It wouldn't surprise me if VAT was added to gold sales, and CGT status for legal tender was removed altogether. There is little doubt that the leadership batten will be passed to Labour this GE, and it is clear to me at least that their tenure will cause more chaos this time around than ever before, whether through stupidity or by design, and I imagine the result of such a policy as VAT on gold and removal of CGT on both gold and silver would be chaotic in the early stages if a notice period was given and panic driven FOMO kicks in, but would maybe settle down as time goes by in the same fashion as it always does when big rises in spot stabilise and become the new normal.
    Who knows what they'll do or what sinister or stupid ideas they will implement into law.  Expect the worst.
  7. Super Like
    Lancashire1 got a reaction from ZRPMs in Today I bought.....   
    Called into Chard's today. Didn't realise they were appointment only....but they let me in.
    Not sure about all the ID requirements..... Dave's bullion down the market doesn't ask for ID, he's same price as well. I like to be an international man of mystery not handing over my knicker size ☹️

  8. Super Like
    Lancashire1 got a reaction from ZRPMs in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  9. Super Like
    Lancashire1 got a reaction from Jake0111 in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  10. Like
    Lancashire1 reacted to CoinCupboard in What would you do if gold goes down by 44%?   
    I'll only really bother about the price point in the year 2055, when I might be thinking seriously about selling some weight for a holiday or two a year. 😅 
    So if it does seriously dip, I'll just keep buying, good opportunity for more.
    For me now, sovs, half sovs and things I like the look of. Not just buying for the sake of buying.
    When seeing the price approaching £2k and seeing people struggling to shift full ounces. I personally will be staying away from the bigger coins for now. 
  11. Like
    Lancashire1 reacted to Gruff in What would you do if gold goes down by 44%?   
    Buy more as it would be cheap
  12. Like
    Lancashire1 got a reaction from Gypsy in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  13. Super Like
    Lancashire1 got a reaction from Gruff in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  14. Super Like
    Lancashire1 got a reaction from Gruff in Today I bought.....   
    Called into Chard's today. Didn't realise they were appointment only....but they let me in.
    Not sure about all the ID requirements..... Dave's bullion down the market doesn't ask for ID, he's same price as well. I like to be an international man of mystery not handing over my knicker size ☹️

  15. Like
    Lancashire1 reacted to Spyder in 1896 Victoria Sovereign Ring Value   
    If you want to make more money than scrap, carefully straighten the lugs holding the coin. Push the coin from the back and flip the coin around with the St George facing outwards. Carefully bend the lugs back. Now the ring would look better. Wait for eBay 80% fee discount (you just missed the latest) and list there.  You will get a much better sold price than scrapped even after fees.   
  16. Haha
    Lancashire1 reacted to bluffer in Binlord of the week on ebay   
    didnt know they made plastic cases in 1914.  must of been kept out the sunlight to be that clear.
     
    By the way, when did leonidas get on british coins?
     

  17. Like
    Lancashire1 got a reaction from Thelonerangershorse in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  18. Like
    Lancashire1 got a reaction from AaaGee in Today I bought.....   
    1918 sovereign and 3 silver Britannias 

  19. Like
    Lancashire1 reacted to HowardW in Auctions sites   
    Hi from a new member!  Having bought gold and silver of all sorts on eBay successfully for yours, I've just started dipping my toes into 'real' auctions (with a physical saleroom not online only) so maybe can add some insight here, assuming that you are trying to get metal in at or below spot:
    Buyer's premium (added to the hammer price) is 24% minimum (20%+VAT) up to 28.2% most I've seen. So if you want a bullion sov for £430, you are going to bid max £340
    No real value in using Saleroom or the other similar auction site - you have to pay 2 or 3% more buyer's premium (makes a massive difference). Easiest is just to register with the auction house and leave an absentee bid (no temptation to bid up then), paying the minimum buyer's premium
    Only bid if you can collect - their postage charges are a robbery (£20 to send one half sov) ...and allow some value for your time and petrol (I got a half sovereign for £170 , plus 26.4% = £214.88 a couple of weeks ago (spot was £220) but it was an hour each way to collect it. Fortunately I had another win nearby to collect too but still...I've learned
    BIds go up in fixed increments, unlike eBay ...for sovs £320,£340,£360 etc...which can give the chance for a bargain if the next increment takes the all-in price well above spot.
    General auctions/jewellery etc seem to be better than specialist coin auctions - less chance of a dealer/stacker who will pay a bit more
    All that said, I recommend having a go at your local auction houses... first auction I got a gold 50p for £650 + 24% (and that was when the spot was higher) though lost the other one which went for £680... half sov at spot -3pct..some spoons for scrapping and tomorrow will collect a 550g silver plate (£200 + 28.2% and didn't even reach my maximum bid)
     
    Good luck everyone!  (Once I've found my way around here, I'll be looking to sell some maples and trade UK and CI commems for straight sovs and britannias to simplify life... also looking for someone who wants pre1947 silver)
  20. Like
    Lancashire1 got a reaction from Mrpound in what silver are you buying at moment   
    £15 each for the Morgan's.... happy with that

  21. Like
    Lancashire1 got a reaction from Petra in what silver are you buying at moment   
    £15 each for the Morgan's.... happy with that

  22. Like
    Lancashire1 reacted to Britannia47 in what was your first silver buy   
    Don’t remember the 1st, but the last was the 2018 Eagle, from your part of the world in Beaumont, Texas, whilst on a ‘shooting visit!’ 
    Now, it’s all about Gold for me, but recognise that Silver, despite the difference in value, enables the collector to get the latest designs for a fraction of the price. Photo shows all my ‘keepsakes’…..

  23. Haha
  24. Like
  25. Like
    Lancashire1 reacted to StackSellRepeat in Fantastic Australian natural 23.5ct+ gold nugget high purity with at least two visible quartz, Slightly resembling an arrow head.   
    Fantastic Australian natural 23.5ct+ gold nugget high purity with at least two visible quartz, Slightly resembling an arrow head.

    Comes in a 999+ fine gold chain - HK hallmarks 
     
    The previous owner was an elderly lady, Who bought this directly from Perth over 20 years ago as a keep sake.
     
    Nugget with bail weights 16.8g approximately 
    Chain weights 39g approximately 
    Total weight shows 55.8g Approximately 
     
     
    Length approximately 10 inches 
    Width approximately 7-8mm
     
     
    I would ideally like to trade for 2.5 oz’s of 999+ gold & I would prefer to finalise the transaction in person, Jewellery Quarter…… I can possibly post with special delivery at your cost.
     
     
    P.S two pictures showing XRF on the obverse & reverse of the nugget & lastly the chain.















×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use