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  1. Remember that UK coins are CGT free as well.
  2. Does he know that 10Yr gilts only yield 0.11% ?
  3. It can always be manipulated - it's called 'naked short selling'. Though, they can be burned by this is the actual demand outstrips what they can 'naked short sell' if that makes sense.
  4. Along the right lines I think. We haven't really seen consumer inflation (yet) since most of the money printing (QE) has ended up being reflected in asset prices (stocks, etc). But like you say, the longer furlough, etc continues, then this may change and we'll start to see it consumer inflation as well. In terms of gold specifically, you have to look at it in the context of bonds which now yield nothing, or negative in some cases; therefore the fact that gold has no yield is not a detracting point. Then look at stocks, they are at record levels with insane P/E valuations, which makes investor
  5. Haha true. The run up in the short space of time is crazy though.
  6. The premiums for physical silver is crazy. Anyone else put off by this? 15% underwater straight away, and that's assuming you can get VAT free 🤔 Definitely leaning towards a physical ETF to be honest, at least it's easy to liquidate.
  7. Bump. Reduced the price of the griffin. Some nice close ups of the coin attached.
  8. It literally says it in the first line mate, I've already pasted the relevant text. The shares are held by the Treasury Solicitor on behalf of HM Treasury, this is stated on the BoE website and backed up by the wording of the 1946 act that nationalised the bank. How about you provide some proof to your claims rather than spouting conspiracy theory nonsense? But I suppose you won't because it's much easier to dismiss the evidence that's been presented to you in black and white, say it's a conspiracy, the queen's a lizard and the illuminati owns the BoE, rather than actually make a rat
  9. Huh? It's a federal agency, falling under the jurisdiction of the United States Department of Health and Human Services.
  10. He's getting his facts wrong I'm afraid. As previously stated the BoE is fully owned by the Treasury. What he is talking about here is a company owned by the BoE called BANK OF ENGLAND NOMINEES LIMITED, set up in 1977 and dissolved in 2017: https://beta.companieshouse.gov.uk/company/01307478 Apparently it was covered by the official secrets act because the Queen used it to hold some of her investments, etc. Don't know how true that is however.
  11. Did you even read it? https://www.whatdotheyknow.com/request/18171/response/49781/attach/2/foi keo.pdf?cookie_passthrough=1 "It is not the case that 3% of BoE stock remains in private ownership. Some of the 3% Treasury stock used to compensate former stock owners of the BoE has not been redeemed" In other words, they compensated BoE stockholders with government debt instead at a fixed rate of interest. This has now been paid off: https://www.gov.uk/government/news/debt-issued-to-fund-the-1946-nationalisation-of-the-bank-of-england-to-be-repaid Bank of England Act 1946:
  12. It doesn't. Clearly states it is wholly owned by HM Treasury. Unless you want to point me to some credible evidence otherwise.
  13. A quick Google search would show you this isn't true, it was in fact nationalised in 1946: https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england "We are wholly-owned by the UK government. The capital of the Bank is held by the Treasury Solicitor on behalf of HM Treasury." Edit: Also, the BoE is self funding and provides about £500m profit back to the Treasury each year. https://www.bankofengland.co.uk/knowledgebank/who-pays-for-the-bank-of-england
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