Silver Monitoring Thread £ (GBP) only.

[theman73]

Traders take their profits?

 

[James32]

Just now, DisplayName said:

What's the appeal about that 🤭

It's because they are capital gains free in UK, same as 1/4ozs. 1oz are becoming too expensive to purchase, therefore sovereigns which always had a big appeal, just got even more sought after.

[DisplayName]

1 minute ago, James32 said:

It's because they are capital gains free in UK, same as 1/4ozs. 1oz are becoming too expensive to purchase, therefore sovereigns which always had a big appeal, just got even more sought after.

Thanks James and others, I wasn't aware of the special tax status for sovs. Would that be relevant for me in Ireland or just for UK residents?

[theman73]

3 minutes ago, DisplayName said:

What's the appeal about that 🤭

No idea, probably the same explanation why they vote for Brexit.

AG £22.10

[WolfStacker]

2 hours ago, Paw said:

Interestingly I do not see as many people selling silver lately - is it because everyone is confused and waiting for the price to settle at some range?

 

@Paw I have some QB for sale if you want 😀

Edited April 9 by WolfStacker

[theman73]

4 minutes ago, James32 said:

It's because they are capital gains free in UK, same as 1/4ozs. 1oz are becoming too expensive to purchase, therefore sovereigns which always had a big appeal, just got even more sought after.

Only here in the UK. A few months ago the cheapest sovereigns were in Europe...

[James32]

1 minute ago, DisplayName said:

Thanks James and others, I wasn't aware of the special tax status for sovs. Would that be relevant for me in Ireland or just for UK residents?

Just uk tbh. And especially important as they just slashed the CGT threshold to £3000 from £12000+ two tears ago.

[SidS]

17 minutes ago, theman73 said:

Because no one had any more silver, they all sold it and bought sovereigns. The ones who have silver, have it, but in small amounts.

Hahaha! 🤣

Little you know...

[James32]

Just now, theman73 said:

Only here in the UK. A few months ago the cheapest sovereigns were in Europe...

Yeah, we can only follow the rules of where we habitat. 

[theman73]

2 minutes ago, SidS said:

Hahaha! 🤣

Little you know...

Yep, my knowledge of selling silver is limited...

 

 

[DisplayName]

Thanks everyone, really appreciate you all sharing this with me! I'll stick to some 1/10 gold and pretty silver purchases then. 

[theman73]

6 minutes ago, DisplayName said:

Thanks everyone, really appreciate you all sharing this with me! I'll stick to some 1/10 gold and pretty silver purchases then. 

As long as you stack you are on the right path, doesn't matter what.

Edited April 9 by theman73

[SidS]

Just now, theman73 said:

Yep, my knowledge of selling silver is limited...

 

 

I wasn't questioning your sales of silver. I was just refuting the statement that we had only small amounts of silver because we had sold it. I haven't sold an ounce, I'm still buying silver. I suppose I'll stop when I get to 1200 ounces... It's going to take a few years though.

[theman73]

Just now, SidS said:

I wasn't questioning your sales of silver. I was just refuting the statement that we had only small amounts of silver because we had sold it. I haven't sold an ounce, I'm still buying silver. I suppose I'll stop when I get to 1200 ounces... It's going to take a few years though.

Of course, I have no idea what people had or have right now, I'm not a medium.

[neilthenurse]

4 minutes ago, DisplayName said:

Thanks everyone, really appreciate you all sharing this with me! I'll stick to some 1/10 gold and pretty silver purchases then. 

This is so me, fractional gold and pretty silver!

[HonestMoneyGoldSilver]

2 minutes ago, DisplayName said:

Thanks everyone, really appreciate you all sharing this with me! I'll stick to some 1/10 gold and pretty silver purchases then. 

Sovs are the best you can buy in terms of premium without shelling out for a 1oz gold piece

Sovereigns are recognised the world over including India (former British territory), Hong Kong/China (formerly under British rule/trading laws), the USA (former British colony) and ::cough:: Ireland (formerly part of the UK itself)

In Ireland there is CGT on all gold and the CGT is charged at a higher rate than in the UK, so, you are free to buy any type of gold you want, you'll get equally fisted 😂

You will find foreign gold on TSF at spot or below regularly including really nice pieces. You should keep an eye on @DuncanWylieWilson and a few others. The foreign gold is becoming less popular in the UK due to the CGT thing (UK Legal Tender coins, £1 (sovereign), £10, £100, etc are all CGT-exempt)

[Dom]

7 minutes ago, SidS said:

I wasn't questioning your sales of silver. I was just refuting the statement that we had only small amounts of silver because we had sold it. I haven't sold an ounce, I'm still buying silver. I suppose I'll stop when I get to 1200 ounces... It's going to take a few years though.

Why 1200? Quite a random number lol

[BLOOMMAN101]

47 minutes ago, DisplayName said:

What's the appeal about that 🤭

[katyc]

1 hour ago, DisplayName said:

What's the appeal about that 🤭

The fact that you can sell as much Royal Mint coins as possible and not have to pay a tax is a huge incentive. That's probably why the quality control is bad when they manufacture coins (they know we put up with it because it's tax free!)

[SidS]

1 hour ago, Dom said:

Why 1200? Quite a random number lol

100 Troy pounds exact.

[Dom]

34 minutes ago, SidS said:

100 Troy pounds exact.

Ahh I see now. Think I've seen a few different sources say you need around 1000 ounces to live comfortably through a hyperinflation scenario. Hope we can all achieve that, or whatever that would be in gold if you ain't got the room for silver. 

[Gruff]

5 minutes ago, Dom said:

Ahh I see now. Think I've seen a few different sources say you need around 1000 ounces to live comfortably through a hyperinflation scenario. Hope we can all achieve that, or whatever that would be in gold if you ain't got the room for silver. 

Depends what ratio you're working too.. 

Current 90:1 or the more expected 16:1 or the coming out the ground at 8:1?

[katyc]

2 minutes ago, Gruff said:

8:1

I'll take this option please. And a side of fries.

(then we can all retire)

[theman73]

4 minutes ago, Gruff said:

Current 90:1

Old news

 

[Earthmetal]

5 hours ago, theman73 said:

 I'm not a medium.

XL?