Gold Coins Vaulted Storage

[mw75]

I have just sold my buy to let property and am looking to invest a large proportion of the proceeds in gold and silver. I already have gold and silver ETFs, but want to own some physical metal too. The amount I'm looking to invest is several £100,000.

I have no interest in collectibles etc., I purely want exposure to the price of gold and silver at the lowest possible margin and storage cost.

I am planning to buy UK CGT and VAT exempt gold and silver coins and have someone store them on my behalf in vaulted, allocated storage.

I've been gradually trying to educate myself on dealers and storage options. As a complete novice in the world of gold and silver investing (other than the ETFs) I would be interested in any recommendations for the best strategy and storage options.

Thanks in advance.

[Roy]

7 minutes ago, mw75 said:

I've been gradually trying to educate myself on dealers and storage options.

What have you got so far?

[mw75]

So far the lowest premiums and storage costs I have found are at Chards. I'm slightly concerned that they are a relatively small business and I am looking to invest a large amount of money.

[HighlandTiger]

50 minutes ago, mw75 said:

I have just sold my buy to let property and am looking to invest a large proportion of the proceeds in gold and silver. I already have gold and silver ETFs, but want to own some physical metal too. The amount I'm looking to invest is several £100,000.

I have no interest in collectibles etc., I purely want exposure to the price of gold and silver at the lowest possible margin and storage cost.

I am planning to buy UK CGT and VAT exempt gold and silver coins and have someone store them on my behalf in vaulted, allocated storage.

I've been gradually trying to educate myself on dealers and storage options. As a complete novice in the world of gold and silver investing (other than the ETFs) I would be interested in any recommendations for the best strategy and storage options.

Thanks in advance.

Take a look at bullionvault, if you do stick your £100k in there, could you use my referral link, (pm me) 😁

[mw75]

Bullionvault don't deal in coins as far as I can tell, so I would be liable to CGT wouldn't I?

[Paul]

25 minutes ago, mw75 said:

Bullionvault don't deal in coins as far as I can tell, so I would be liable to CGT wouldn't I?

bullionvault - use 400oz 'good delivery' LBMA bars

i think they would be best for your needs 

 

[IanS]

Gold Coins. No VAT on gold when you buy in the UK and no Capital Gains Tax on legal tender coins when you sell. Anything other than legal tender coins and you'll have to pay capital gains tax on any profits you make when you sell.

Royal Mint charge 1% per annum to store tubes of coins in their vault. If you store loose coins it's 2%

[Coolsmp]

Make sure you don't end up sharing storage with others. Some dealers put everything in one pot so you don't own individuals coins and bars then they sell of their choice when asked to do so. Also good idea not to go too far from your home so you can visit your precious metals at least a couple of times per year!

[HighlandTiger]

On 04/11/2020 at 15:41, mw75 said:

Bullionvault don't deal in coins as far as I can tell, so I would be liable to CGT wouldn't I?

https://www.bullionvault.com/secure/uk/buy-gold-coins.do

[IanS]

16 hours ago, HighlandTiger said:

https://www.bullionvault.com/secure/uk/buy-gold-coins.do

That link took me to a login page so I couldn't see anything. But looking elsewhere on that site it does look as though they can sell coins for delivery to the buyer - not vaulted. Vaulted coins may be on some other page that I couldn't see. But the page that does show coins is mainly talking about the 'disadvantages' (ie higher expense) of buying coins and generally doing what it can to persuade you not to buy coins.

I may be wrong but I get the impression that bullionvault have some BIG bars in their vault and they're selling a share of that gold where you don't actually own individual bar/bars but you do own a percentage/share of whatever stuff they have in their vault.

The Royal Mint also have that option and they explain how they do it so you're in no doubt about what you do/don't own.

But the royal mint also allows you to buy coins and bars which they store in the vault. YOUR items in their vault.

Quote

Bullionvault don't deal in coins as far as I can tell, so I would be liable to CGT wouldn't I?

If you own ANY metals investment that increases in value then you're liable for capital gains tax. The only metal investment that avoids CGT is legal tender coins.

 

[Uksilverstackers]

You can buy Gold coins at Royal Mint and vault them there and sell them back if required with funds tranferrred back into your bank account. Storage rates more expensive than Bullionvault or Goldmoney though...

 

All UK gold bullion coins sold by The Royal Mint are VAT free for non-VAT registered private individuals. In addition to this, our UK gold coins are also exempt from Capital Gains Tax for UK residents.

Most of our gold coins are available in 999.9 fine gold, including Britannia and The Queen’s Beasts. Meanwhile, The Sovereign is available in 916.7 fine gold.

Many of our gold bullion coins are available to buy individually or in tubes of multiples. While all gold coins are available for free UK delivery, tubes of gold coins may also be stored in The Vault® and be sold back at any time using live market rates.

As IanS mentioned above ....