Crashman begins

Is it worth me holding onto a Gold Maple or Krugerand while staying in the UK ?

ATS once advised me that Krugs were the best investment coin, but not with CGT.

They are lucky in the US where precious metal coins can be found in circulation. The bank staff appear to be oblivious when they can themselves make some easy money with zero risk. They must have thought he was an old fool collecting old coins for their dates.

Has there ever been any UK coins that have been gold / silver in the UK ?

IMF GOLD SALE A MASTERSTROKE FOR CHINA, INDIA

IMF Gold sale is a masterstroke from India, China

2009-04-21 10:05:00

.....

..

It further says that this is a stroke of genius for India, and especially for China. “In our opinion, this action once again demonstrates that the leadership of India and China are more intelligent and more forward thinking than other major countries, and that they are manipulating the world players to accomplish several of their goals simultaneously.”

HERE IS WHAT THE GUILD SUMMARISED ON WHAT IT LOOKS LIKE ON THE SURFACE VERSUS WHAT IS ACTUALLY HAPPENING

1) APPEARANCE----It appears to be negative for gold prices.

ACTUALITY----Longer term, it is actually very bullish for gold prices. The actual outcome will be that most of this gold will never hit the market, especially if retail sellers panic and the price of the metal falls in the short term. Some central banks, primarily China's, have plenty of liquid reserves, and are willing buyers of gold, and they will be thrilled to get it so cheaply. - Already have

2) APPEARANCE----It appears to be positive for the IMF, in that it helps to accomplish their goal of loaning to the incompetent and bankrupt countries that approach them for loans, after all other sources of financing have turned the countries down.

ACTUALITY----It is true that the cash from the gold sales would solve that problem in the short run, but in the long run, these same countries will likely make the same mistake again. This is largely because their political organizations are focused on helping the political and business oligarchs who run the countries, and ignoring the best interests of the electorate. These countries will probably return to a much less capitalized IMF for more money later.

3) APPEARANCE-----It appears to be a selfless gesture on the part of China and India.

ACTUALITY----Both India and China would be buyers of the IMF's gold were it sold at reasonable prices. I imagine that China will be by far the biggest buyer of the gold, along with Russia and Saudi Arabia. Increasing their gold reserves (in exchange for the dollars in their reserves) would strengthen the value of their currencies. We anticipate that once China owns enough gold, they will partially back their currency with gold, making them the world economic and financial leader, and removing the U.S. from its position of economic power. The effect of these maneuvers will go a long way to setting THE CHINESE YUAN UP TO REPLACE THE U.S. DOLLAR AS THE WORLD RESERVE CURRENCY.

4) APPEARANCE----It helps all countries who would have to make contributions to the IMF to fund the loans that the IMF makes to indigent countries, many of which are never repaid.

ACTUALITY----This is true. However, it helps China and India more because their responsibility for financing the IMF grows as they become powerful financially.It is a method to get the IMF to self finance in the short run and save China and India money.

Argghhh

CID have no Brits left... next batch 2-3 weeks

Where can I get some at CID prices ?

I assume you're talking about CoinInvestDirect.

 

I emailed them last month asking when they would get more Britannias. She said they expect the next delivery in late April. But she said that they had 5 one-ounce Britannias although not listed on the website. I bought one. You could could email or phone them to ask.

 

If you are in the UK Britannias and sovereigns have the advantage that they are not subject to capital gains tax.

 

Britannias are not the cheapest at CID. I think the cheapest one-ouncers are the Nuggets.

Yep, sorry was talking about CID. May email them soon.

I intended to purchase some due to capital gains tax.. but also wondered how this tax was implemented on non uk bullion (Sorry havent seen this discussed anywhere).

Anyone noticed that 1 oz Brits's are sold out ?

Is there any advantage / disadvantage price wise, in buying the new 1 oz Britannia's when they arrive ?

its interesting the way references to gold are slowly creeping back into the public conciousness - i'm obviously more aware than most due to my interest in gold, but over the last few months i have seen more and more reference to gold being a desirable object in the popular media. its almost as if there is a slow realisation to the inherent worthlessness of paper money and the illusion of paper wealth over the last few decades - i may be reading too much into it of course!

http://www.osmoz.com/News-Trends/News/New-...agrance-for-men

06.11.2008

Bling is in, and so is gold. Couturier Paco Rabanne had the ingenious idea of including both of those trends in a new men’s scent that comes in the shape of… a gold bar. 1 Million, as it’s called, is a fragrance blending sensuality... .. .

YOUTUBE VIDEO http://www.youtube.com/watch?v=_xZwezMxwao

Maybe, but not before next year is my guess (he wants to speculate short term, apparently).

No your right.. its just that this quantitive easing & housing market is making me nervous..

Just how high do you guys expect silver to go.. realistically & why ?

Ive read many articles and bought gold & little silver... but just need a little reasurrance before I part with a fraction of money im going to need next year

That silver spike looks impressive...but why did it end so quickly ? Would have like to buy at peak

Hey all, Ive got a few questions regarding holding PM's.

If there was going to be confiscation of PM's as in the 1930's and you held pm's in the UK.

What would be your options ? How would confiscation be administered ?