Purchase limit of gold for private individuals?

[Petra]

1 hour ago, Petra said:

Last time I went to my local antiques fair I spotted half a dozen or so sovereigns at a rather iffy looking stall. I stopped and asked him his prices, they weren’t brilliant, but he then said, what year do you want? He called his wife over and she pulled out a large Tupperware container full of sovereigns, tipped some out and said, what do you want and how many?

From there, I stopped at another stall that had some coins out, whilst talking to him he said that neither he nor any other coin dealer he knew had any idea where this other guy got his sovereigns as they were having trouble finding any!🤔😮

Oh yes, this was the guy who allegedly had about £50,000 of gold stolen from his home!😮🤔🫢

[ZRPMs]

3 minutes ago, Petra said:

Oh yes, this was the guy who allegedly had about £50,000 of gold stolen from his home!😮🤔🫢

ummmm. Lloyds of London involved?

[Tortoise]

3 hours ago, ZRPMs said:

@bluemoon It's true, When my sister and I were preschool age. My father had opened bank accounts for us to put in birthday and Christmas money. He had an investigation and one of the questions they asked was where on earth the children had managed to amass all this money from. My father at this point had had enough and said we had managed to secure some jobs at the local hotel. Me as a porter and her as a maid cleaning the rooms and that the tips had been particularly good. They were not impressed and didn't see the funny side. We were both under 3 and I think there was less than £80 in both accounts. It turned out he had over paid his tax and was due a refund.

I asked the accountant and he said just keep good records. If you have the room just keep them. If not try to find the room in the loft. You have it then in case it's a case of guilty until you prove your innocence. It seems this is the way its going. 

I just photograph/scan any documents I want to keep records off.  They don't take up much room on a hard drive.

The physcial papaer copies go through a shredder.

I found this was legal to do.

 

 

[MonkeysUncle]

On 06/01/2023 at 19:10, dicker said:

I am sorry to hear of your loss.  Many here are in the same boat….

So was the metal! 

[CANV]

banks have to ask when you deposit a shedload of cash.  they arnt bothered themselves. its not personal..  I can get 3 k out of the in branch machine at Barclays every day for as long as I want. alas if only I had the loot..  

they dont care..  when I pay my builder in cash its then his problem.  my next build will be 50/50 legit/cash.  most builders have a load of suppliers who will happily do the same.  you can still get rid of  cash in pubs, bars, restaurants casinos (as mentioned) and im sure with many local business you have a relationship with.   although that time is coming to an end.  its a way off yet.