Turning Gold Britannia’s into Gold Bars…

[lst65]

Thoughts please…I’m considering trading either 8 or 16 gold 1oz Britannia’s for 250gram or 500 gram Gold Metalor Bar. Very conscious that the coins are CGT free whilst the bars are not. Just interested in thoughts. Pics below. And yes - in secure vault. 

Edited August 25, 2023 by lst65

[modofantasma]

2 minutes ago, lst65 said:

Thoughts please…I’m considering trading either 8 or 16 gold 1oz Britannia’s for 250gram or 500 gram Gold Metalor Bar

Hi. For what reason? Is there margin to be made in the trade or because you prefer something about a bar or something else?

Without knowing the goal I'd keep Brits

[modofantasma]

I could understand the incentive if it was trading say 15 Brits for 500g 

[Petra]

Why?🤔🫢 what would the benefits be?😁😮

[lst65]

The incentive..? Possibly to scratch that bar itch! But seriously, longer term I’d like to have a bar in the collection going forward. This is all for my children when they grow up. 

[AaaGee]

Get a bar, keep the brits 🙂

[James32]

I'd recommend keeping for two reasons. 

1) large CGT aspects. 

2) you have been down this road before, you traded the big bar to buy the brits. Seems counter Intuitive to go back to square one, unless there's a big financial incentive. 

I'd keep the coins and make your next target the bar.

[HerefordBullyun]

10 minutes ago, James32 said:

I'd recommend keeping for two reasons. 

1) large CGT aspects. 

2) you have been down this road before, you traded the big bar to buy the brits. Seems counter Intuitive to go back to square one, unless there's a big financial incentive. 

I'd keep the coins and make your next target the bar.

I agree with @James32 he knows how to store gold as he has about 92380923 metric tonnes of the stuff.

However that said if you have been storing your brits in a tumble dryer turned on and theyve got loads of scratches and dings then melt them down.

DM me for more investment  tips - 1 sov per tip or maybe I can sell you some natural gas in 1 jam jar..... 

Edited August 25, 2023 by HerefordBullyun

[Fenlander1]

Having a bit of personal experience in the large bar thing.

I would keep the brits liquidation of large bars is an absolute nightmare you very rarely get offered spot and the whole post thing is not worth the hassle 

[Gruff]

I'd have to concur. Although never owned a gold bar, I have several silver bars of varying sizes and some custom BYB rounds. As nice as they are, the CGT is the downside. Those pieces are almost never sell pieces. It's better to keep the Brits/Sovs due to the CGT exemption. 

Also wen moon, it'll be hard enough trading the 1oz Brits

[Stuntman]

Maybe think about buying a 1 oz Britannia gold bar, or the forthcoming 1 oz Coronation bar.  Sell a Brit or two if you need to.  But otherwise, I'd also say keep the coins.

[lst65]

13 minutes ago, Stuntman said:

Maybe think about buying a 1 oz Britannia gold bar, or the forthcoming 1 oz Coronation bar.  Sell a Brit or two if you need to.  But otherwise, I'd also say keep the coins.

Intriguing…1 oz Coronation Bar..?? 

[HonestMoneyGoldSilver]

I'd swap 1oz Royal Mint bars for 2023 QEII Brits if that's of interest. I'd prefer the coins all day

[Tn21]

@Bogart what's your thoughts on this ?

 

I think anything above a 100g Bar is going to struggle on here, but then again it's a nice tidy lump you can carry away with you. 

Suppose you get the bar and then start collecting the Brits again, i don't think there is much harm in that.

 

Edited August 25, 2023 by Tn21

[lst65]

1 minute ago, Tn21 said:

@Bogart what's your thoughts on this ?

 

I think anything above a 100g Bar is going to struggle on here, but then again it's a nice tidy lump you can carry away with you. 

Suppose you get the bar and then start collecting the Brits again, i don't think there is much harm in that.

 

Hey buddy. I think I may just go smaller bars..100 gram cast Metalor bars seem a good bet with liquidation. 

[Gordy]

4 hours ago, lst65 said:

Thoughts please…I’m considering trading either 8 or 16 gold 1oz Britannia’s for 250gram or 500 gram Gold Metalor Bar. Very conscious that the coins are CGT free whilst the bars are not. Just interested in thoughts. Pics below. And yes - in secure vault. 

Why would you... think of liquidity for the future...

entirely up to you though but you did ask

Me personally?

never

[lst65]

1 minute ago, Gordy said:

Why would you... think of liquidity for the future...

entirely up to you though but you did ask

Me personally?

never

That’s cool - I did ask and I appreciate the feedback. 🙏

[pricha]

Reading the title I thought you were physically going to melt down coins into bars. I'm disappointed now 😔 

[lst65]

13 minutes ago, pricha said:

Reading the title I thought you were physically going to melt down coins into bars. I'm disappointed now 😔 

😂 I wish I had the expertise and the resources too 😂

[Roy]

I'd keep the coins.

You say children, the coins are easily divisible, the bar not so.

Still, a nice place to be 😊

[Stuntman]

6 hours ago, lst65 said:

Intriguing…1 oz Coronation Bar..?? 

Here's a link to the relevant thread on the Forum 🙂

 

[Sovhead]

7 hours ago, Fenlander1 said:

Having a bit of personal experience in the large bar thing.

I would keep the brits liquidation of large bars is an absolute nightmare you very rarely get offered spot and the whole post thing is not worth the hassle 

This 👆🏻

[Sovhead]

If you ever needed to sell the bar folk would be very wary…wanting it drilled and samples sent for checking, asking you where you got it, is it stolen gold and melted all sorts of headaches.

If you ever needed to sell Britannia’s….here there’s your money.

[stefffana]

8 hours ago, lst65 said:

Thoughts please…I’m considering trading either 8 or 16 gold 1oz Britannia’s for 250gram or 500 gram Gold Metalor Bar. Very conscious that the coins are CGT free whilst the bars are not. Just interested in thoughts. Pics below. And yes - in secure vault. 

I would do it, even is not a wise decision.

It is your gold, you enjoyed until now to have it in coins shape and get bored. You want now to feel in hand how is a half of kilo of pure gold. I totally understand your point of view and your itch.

Just do it, without fear of CGT. 

You can anytime change again the shape of your bar in few pure gold bracelets or chains for your children.

You worked hard for your gold, you deserve to do what you want to do!

Enjoy your bar, mate!😘

 

 

 

[James32]

5 minutes ago, stefffana said:

I would do it, even is not a wise decision.

It is your gold, you enjoyed until now to have it in coins shape and get bored. You want now to feel in hand how is a half of kilo of pure gold. I totally understand your point of view and your itch.

Just do it, without fear of CGT. 

You can anytime change again the shape of your bar in few pure gold bracelets or chains for your children.

You worked hard for your gold, you deserve to do what you want to do!

Enjoy your bar, mate!😘

 

 

 

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