Newbie looking for an advice

[Bigmarc]

10 hours ago, vyciook said:

Planning on keeping for atleast a year.

Probably wouldn't even bother going physical unless you can get something at spot. Plenty of digital products out there that you can get in and out of quickly with less premium and no post cost. You can put the full amount in also.

[Zeuk]

1 hour ago, Orpster said:

People are selling all their coins that aren’t CGT free and avoiding buying more, it’s a balance I guess but selling and ignoring coins because of it is overreacting (IMO)

Would tend to agree, fair amount of profit you need to make before you have to worry about CGT, even with the exposure you can probably swap out before selling or plan your disposal.

[ShineyMagpie]

Go rogue, invest it all in one rare numismatic coin and hope I increases in value in a year's time....only joking I think others have offered sound advice.

[ArgentSmith]

1 hour ago, Orpster said:

All good points, but that’s no reason to have no gold that isn’t CGT free.  I have a few fractional maples, Krugerrands and philharmonics and a couple of 1oz too, but mostly I have sovereigns 

People are selling all their coins that aren’t CGT free and avoiding buying more, it’s a balance I guess but selling and ignoring coins because of it is overreacting (IMO)

Agreed no need to sell all your coins, mathematically you would expect anyone sensitive to implications of CGT to cut their non CGT exempt holdings by 75% in line with the cut in allowance.

So no need to sell all your maples krugs and bars just 3/4 of them 🤷‍♂️

[Orpster]

1 minute ago, ArgentSmith said:

Agreed no need to sell all your coins, mathematically you would expect anyone sensitive to implications of CGT to cut their non CGT exempt holdings by 75% in line with the cut in allowance.

So no need to sell all your maples krugs and bars just 3/4 of them 🤷‍♂️

I wish I had enough I needed to worry about it lol

[James32]

1 minute ago, Orpster said:

I wish I had enough I needed to worry about it lol

You do

[ArgentSmith]

1 minute ago, James32 said:

You do

You do!

or 

You do?

😎

[James32]

Just now, ArgentSmith said:

You do!

or 

You do?

😎

We all do especially you!

[ArgentSmith]

I know Im being autistic here but however important CGT exemption was previously it is now 4x more important Shirley 

[Happypanda88]

With regards to CGT, if the government can reduce the allowance in one year then it can also abolish CGT completely in subsequent years.

Just a thought, my two pennies ! 😎 

CGT coins are overrated IMO.

[Happypanda88]

3 hours ago, ArgentSmith said:

Agreed no need to sell all your coins, mathematically you would expect anyone sensitive to implications of CGT to cut their non CGT exempt holdings by 75% in line with the cut in allowance.

So no need to sell all your maples krugs and bars just 3/4 of them 🤷‍♂️

Could you not take a relative with you when you need to sell your big gold stack. Sell some under each person's name to meet the CGT allowance limit.  I assume you are not a loner ! 😎

[ShineyMagpie]

8 hours ago, James32 said:

We all do especially you!

What about me, do I? 😝