Reply to: Gold

[AtW]

Yeah, with a deficit bigger than the Greeks we'll be joining the Euro currency real soon.

Britain could be joining Greeks though...

[TimberWolf]

Which BullionVault vault is best? Zurich, London or New York?

[norrahe]

Always believe in your soul.

Exactly what I was thinking, now I can't get the song out of my head.

[milanbenes]

Paper gold. Yes, if the world goes tits up and UK goes bankrupt and sterling collapses, that will be worth......?

I think a lot of folk don't get what this is about


there are two schools of thought....


au for speculation 'cos it's going up innit


or


au for wealth preservation

I would say me and dp are from the latter


Milan.

[DimPrawn]

Amateurs , Gold futures all the way. Place your deposit and have lots of troy ounce to play with without ever having to touch the damn stuff.

Paper gold. Yes, if the world goes tits up and UK goes bankrupt and sterling collapses, that will be worth......?

[SuperZ]

Amateurs , Gold futures all the way. Place your deposit and have lots of troy ounce to play with without ever having to touch the damn stuff.

[Scary]

Like there'll still be a Euro in a couple of years time...

[milanbenes]

Yeah, with a deficit bigger than the Greeks we'll be joining the Euro currency real soon.

Milan.

[DimPrawn]

A non reliable source said sovereigns may not remain legal tender if we join the Euroland, or harder to sell, something like that. Maybe buy both?

Yeah, with a deficit bigger than the Greeks we'll be joining the Euro currency real soon.

[moorfield]

Always believe in your soul.

[TimberWolf]

A non reliable source said sovereigns may not remain legal tender if we join the Euroland, or harder to sell, something like that. Maybe buy both?

[milanbenes]

ok thanks

Milan.

[DimPrawn]

No, CGT applies to bullion, ETF holdings and non legal tender gold coins.

[milanbenes]

Ok Dim,

you got me there, I did not know about the legal capital gains difference between Krugers and Sovs in the UK

I was under the impression that AU was not subject to cgt

but I bow to your superior knowledge on the subject

thank you

Milan.

[DimPrawn]

forget the sovs you need krugers

Milan.

Disagree is you live and pay tax in the UK.

If gold price rockets from here you are either going to have to pay the tax man if you hold krugers or evade the tax.

Why do that when there is a tax free option?