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Coolsmp

Member
  • Posts

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  • Trading Feedback

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  • Country

    United Kingdom

Posts posted by Coolsmp

  1. 53 minutes ago, Foster88 said:

    When gold was at its peak around August/September 2020 ish sovereigns were selling on the trade section here for around £350 mark for bullion. There hasn't been many for sale since the gold price dropped recently.

    And there's some still up for sale here with higher prices than most dealers. 

    Dealers have been forced to lower their prices, private sellers have not and want top dollar

  2. 3 minutes ago, HighlandTiger said:

    I see you've been busy on the freetrade forum 😏

    Haha yes. My second favourite place to hang out after the Silver Forum. Always good to diversify your portfolio from precious metals

  3. Oldun said: For sure. As I mentioned earlier, no way a gaggle of individuals will beat Wall Street long term. If you get a win, take it and run before you get crushed. 
    21 minutes ago, HighlandTiger said:

     intention was to get in and out quickly with a bit of profit. 

    Guerilla warfare at its best

  4. Why is there no VAT to pay on investment gold?

    The European Union voted in 1999 to abolish VAT on investment gold. Many countries offered minimal levels of VAT as an incentive to buy in their nation. The UK, which did charge VAT, was losing out because of this, as were other nations. To combat this disparity the EU moved make Europe an equal playing field and scrap VAT on investment gold. This change came into effect on January 1st, 2000.

    Gold was VAT free in the UK until 1973, so a return to this state isn't too big a change, but it does occasionally frustrate people due to the fact other precious metal investment bullion isn't exempt.

    Source: Bullion by Post

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