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Posts posted by GoldStandardPartyUK
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I want to buy it just to hold it
- stefffana, neilthenurse and kennyruss72
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On 23/07/2023 at 00:14, goldrush said:
So where is the silver actully held?
There's over a dozen vaults internationally. The recent audit pdf summary page says "15 vaults in 13 cities:
London – New York – Toronto – Sydney – Brisbane – Dubai – Hong Kong – Istanbul – Vaduz – Panama City – Zurich – Batam – Singapore"
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7 hours ago, goldrush said:
so where do i find out and where do I buy kinesis?
The website is Kinesis.money
The kinesis community forum has an intro page https://forum.kinesis.money/threads/newbies-start-here.285/
23 hours ago, sixgun said:There is a trick (Uchiki suggested) to get round CGT if you tokenise UK gold coins in Kinesis. If you say tokenised say 50 sovereigns you'd be 50 x 7.32g = 366 KAU. The coins are held inside the Kinesis Monetary System in your name and you can use the KAU within limits and timeframes. The gold held is as UK coinage - the coins always remain yours unless of course you go and spend all the KAU's and don't top them up with cash / crypto. As the gold is UK coins there would be no CGT for UK tax residents.
That's a great idea to use that method. If cgt becomes a concern then I'll definitely do that.
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😘Hey @sixgun
Hi
I need to mention kinesis.money which is tokenised 1:1 gold and silver. You can take peer to peer payments via the app, it's designed so an individual/business can use it to exit the fiat world, I can accept payment in physical gold/silver. If you're on WisdomTree then I suggest look into kinesis as superior alternative because kinesis has zero storage fee (transaction fee instead), low min redemption amounts, the gold and silver is tradable in six decimal places, it's better than any alternative in the space. It replaces that part of your use of gold and silver completely.
It doesn't replace the need for some gold and silver in your home, but Kinesis should feature heavily in your thinking about barter, kinesis is just the app people will use to trade/make purchases in gold and silver going forward no matter what scenario you're planning for.
Kinesis does require you to pay CGT but not VAT, but then I believe CGT is a distraction since the amounts you need to own and the silver price increase needed to even make you eligible for CGT makes it not a real concern for most people.
For planning my gold and silver uses I have split strategies 1. SHTF and 2. TEOTWAWKI, meaning SHTF is an omni crisis but the lights stay on, and TEOTWAWKI is so bad the lights are off.
1) SHTF I have two solutions which are kinesis and the silver coins in my home. I've used this forum to obtain plenty of pre1947 and pre1920 for barter. (I also have a food source separate to the shops), but I expect to use kinesis to buy and sell everything.
2) for TEOTWAWKI my strategy is simple, I have enough gold coins to pay bribes needed to get my family out of the country.
I am happy to take a discussion about kinesis offline if needed.
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Is silver smuggling into the UK actually a thing? What are the routes / methods?
Do you avoid buying if you have suspicion?
It might be illegal, but is it actually wrong?
My favourite character from dad's army is Walker, the only character who has his head screwed on, who knows what he wants out of these dark times, the only one who solves problems.
- silvergaga, monkey, Spyder and 1 other
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I didn't even know 5kg was a bar size in silver
Is this even a thing?
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😥😢This was the cheapest silver on the forum by oz
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I'll take please
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Please can I get the whole tube?
That's £625 right?
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Please can I have 5x rather than 25.
Happy to pay a deposit now if needed.
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Please could I take a shiny one of each?
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How much for a tube?
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BTT
Buy The Tamp
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Can I take please
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Weight? Fineness?
WTS: 2 Full Sets of 8 x 1 oz Silver Krugerrands (2017-2024) with free shipping!
in UK (Ungraded)
Posted
Please could I have 4x selection from set 1
2017 2018 2019 2023