id5

All TA gives is a calculated risk of what will happen next in that timeframe, For example 68% up, 30%down and 2% flat. The larger the timeframe becomes then the greater the margin of error becomes. Always focus on the fundamental as that gives the direction of the market, the stronger the fundamental the greater the amount of calculated risk you can take. The market will always revert to following the fundamentals after a news item changes a market’s direction, unless that news changes the fundamental.

When the word coin is seen on Wiki one should really take a deeper look and question if it is correct. I know few coin entries on it that are. As I posted earlier there have been approximately 1,100,000,000 full Sovereigns minted. The Wiki’s guess on surviving coins is 1%, that would be 1,100,000,000 / 100 = 11,000,000. Unfortunately since 1933 over 85,000,000 full Sovereigns have been minted. That would make the answer 85,000,000 + 11,000,000 = 96,000,000 as only a small percentage of these later coins would have been melted down. That’s nearly 9%. Add to that the age spread of coins seen by dealers, the bulk is always made up of late Victoria’s, Edward’s and late George’s, with the lefthand side of the distribution curve filled with earlier George III & IV, William IV’s and early Victora's. The ringhthand side of the curve is made up from Elizabeth’s. The overall figure will be a lot closer to 40% than 1% IMHO.

My apologies I definitely misunderstood you. Just open a company account with any of the metals companies. As long as your company profit is not primarily from the investment it is just treated like a bank account in a different currency.

If you buy through your company and sell it at a later all you are effectively doing is putting off paying the VAT but if it is in the company then the company will have to pay tax on any profit. The upside of keeping it in a company is that if you make a loss you can get tax relief to a point. If buy physical and want to sell later then you can be paid by cash, bank cheque or in a number of other hard to trace forms. Dealers are required to record a transaction over the limit for Money Laundering but will not do anything more than record the details that you give them. The onus is upon you to inform Tax Man about your capital gain. It is very hard for the Tax Man to prove the gain unless they can prove the date of purchase and the amount. It is another reason why governments hate physical as it is so hard to trace.

As the link from bonobo points out there are have been quite a few minted. For full sovereigns the figure is approximately 1,100,000,000 coins or about 8,000 tonnes of gold since 1817, these figures do not include half or double sovereigns How many are still in existence is hard to calculate but most probably less than people think. One of the reasons that Middle Eastern and Indian jewellery is 22ct is because it was originally made from the sovereigns used in the British Empire that were melted down especially after the country had left the Empire. If I had to make a guess then I would say less than 40% with the bulk of those coins being made from after WWI.

If a director of a company was to do this then it would be tax evasion. It is the same as if your company brought 10 x £100 ‘face value’ Britannia coins for £500 x 10 = £5,000 and paid a director or employee the ‘face value’ as remuneration i.e. £500. The actual market value of the benefit is taken for the calculation not the’ face value’ or a suggest value.

But when you sell the metal on from the company you have to pay the VAT so I don't see how this will help... Whats the trick I am missing Pixel8r?

Titanic + Iceberg = Obvious. Does anyone know the codes or name of these instruments as I want to get some?

That used to be the case but things seem to be changing, I am trying to got some clarification on this from the VAT Financial & IPT Team that have taken over the role in HMRC.

All gold future contracts, US and most Western I would assume but does anyone know if there are other exchanges that the Western world does not normally use, China, India, Middle East?

Certificates are immaterial, they are just used as a sales aid to try and convince punters that are unfamiliar with PMs that the bar is genuine. If you are selling to a dealer and it is a recognised bar from recognised refiner then they will use touch, sight and sound, then weigh and measure the bar to see if it is genuine. If it is unrecognised then they will melt and assay before payment.

There will not be a problem moving the coins into the UK as it is below the money laundering limit and there are no import taxes on Krugers unlike other forms of gold. Just carry them with your loose change in a small closed wallet and just send them through the bag scanner. EDIT: I thought that I had answered this question before on this site but it was on a different one, here is a fuller answer for you. You can import as many gold coins as you like provided that they are Investment Coins listed in HMRC Note but you need to be aware that there is a €15,000 limit for Money Laundering, over that for personal use and you will have to prove where the money came from to purchase the coins. You will only attract attention if Customs think that you are importing more than what would be normal for you personally as a personal import. If you fly 1st class you could bring a good proportion of your baggage limit over as gold, if you fly cattle then stick to sub €15,000. Silver coins from the US attracts VAT at 17.5% but no import duty any more under the EU rule R2261/98

1oz Silver Pandas were only minted from 1987 onwards and all are 40mm in diameter. 27g Silver Pandas were minted from 1983 to 1985 and were 38.6mm in diameter.

Until the bear comes out of its hibernation and rips the throat out of the bankers

for you

I wonder if the PPT have any powder left after yesterday to slap POG down this afternoon?

Spot On!

These are fantastic, I can't wait to see what the New Labour entry will be

Now add analysis lines to it such as MACD, RSI, 50EMA, etc?

The majority of Forex brokers have XAU/USD as a currency pair but not XAU/GBP. There are other sites where you can get XAU/GBP charts but they are hard to add the analysis lines, etc, so if you want to chart XAU/GBP you often have to make your own.

Trend Analysis works but it is not a panacea to cure all ills, it can only guide to where the price might go based on historical norms and at nearly every point on the chart a different pattern can be recognised. It is the sum of all the previous patterns at the point of analysis that gives the weight to the direction of the price trend. But news can change and shift the price very easily kicking any analysis into a cocked hat. If news moves the price against the trend then unless the news is fundemental the price will just continue its original trend when the news impact is over. News and trend gets kicked about by fundamentals. It is fundamentals such as a larger than expected interest change that make the news and sets the trend. It’s funny though how the larger than expected change to the interest rates didn’t change Sterling, it was almost if some people already knew it was to happen and priced it in or is it that Sterling is so far down the pan already that a fundamental change didn’t affect it ?

Average spot price for yesterday from LBMA fixings is £463.60, 3.5% margin. If you think that gold is going up then it is a very good deal. If you think that gold is going down then you most probably will not have been asking him. P.S. What is your jewellers address?

The middle coin is the 2007 Limited Edition they are already getting very difficult to get hold

There are four that I know of. The original or standard, the 20th Anniversay which is similar, the 2007 and the 2008 limited editions.

The latest round of coin buying has seen changes in the marketing that surrounds the sale of coins. The dealers are taking advantage over the public’s misunderstanding of what a bullion coin is. The purpose of a bullion coin is for general circulation as legal tender or the coin kept until exchanged for goods or services. It has not other value apart from its gold content. Dealers have recognised that if they repackage bullion coin as if it was a fleur-de-coin proof then buyers will pay more. When the mania for coin subsides the bullion dealers will purchase bullion coin for gold content at spot + or – a percentage regardless of the packaging, its country of origin or its alloy. Numismatic dealers will pay extra for a bullion coin that has perfect packaging but they would prefer a boxed FDC proof. You need to consider why you are purchasing the coin. If you want to collect coin then buy FDC proof or the best grade you can afford. If you want coin to purchase items during times of financial or country collapse then buy the cheapest above spot gold price of legal tender coin of the country you are residing in as it is easier to dispose of. If you want gold for the recovery period after financial or country collapse then buy either coin or bar for the cheapest you can over spot price.