signofthetimes

It depends upon how you hold it. If you have bullion coin and you are required to pay GCT in the UK, then you don't pay CGT on the coins as they are counted as legal tender. If you hold gold in any other form, then you are required to pay CGT.

AFAIK you only pay when you sell any, less your annual allowance (approx 10k single or 20k joint)

expectations 'jumped to zero'

Is that why the price keeps going up?

Looks like Bubb is after Realistbear's title of 'contra indicator'

Halifax 0.6% up on the month, down 0.9% on the quarter.

 

 

 

 

http://uk.finance.yahoo.com/news/house-prices-remain-weak-despite-094005861.html

and down 1.8% YoY , might as well have the full facts

Prefer cruises to shiny gold coins.

gold looks a safer bet to me..

That sounds like a very sensible plan! Thanks.

Then there's your capital gains tax liability if applicable...here in the UK, anyone selling would be better off using up their allowance for the current tax year (ends April 5th)

Desperate effort to keep it below 1660.

Amurca - home of the paper seller

Maybe the bottom is in now.

 

http://www.bloomberg.com/news/2011-12-29/gold-bubble-seen-by-soros-ends-bull-year-on-bear-market-brink-commodities.html

Soros Sees Gold Prices on Brink of Bear Market

What, with the re-appearance of Realistbear on the HPC gold thread and now this, could there be a better buy signal?

lifted from a comment section elsewhere...

 

Gold is one of the only winners over the last year or so. If you have losses from other investments, the only way you can capture these losses is to be able to deduct them from something you sold that was a winner; otherwise you cannot carry over the loss into the next year. In other words, pay taxes on your winners, eat shit on the losses.

 

I'm just surprised the redemptions waited until the last couple of days. Rest of today and tomorrow could get real interesting.

 

 

 

 

Starting to look a little similiar to the deleveraging of 2008. If it repeated the pattern, gold would dip down again in the early part of the year before bouncing back and going onto new highs. Still would make sense to buy during this present dip if gold was unowned.

 

I wonder how much of the current selloff is people scared by MF Global and dumping their paper now ?

Ouch!

 

 

 

paper holders feeling the pain today, seems their gold might not be thwere after all?

I wish they'd stop p1ssing about........come on you tossers, sell, sell sell ALL your paper NOW, crash the spot price to <$1000. Pat yourselves on the back and deposit your fiat.

Bit harsh imo..

Pix is one of the more sane posters on here who has a good handle on what's going on.

That picture sums up where we are today, even if the language is a bit colourful.

hello again £1100

Nice to see gold bounce back after the idiots' sympathy selling.

http://www.bloomberg.com/news/2011-11-01/top-gold-forecasters-see-bullion-rallying-to-record-by-march-commodities.html

 

The most accurate forecasters say gold will rebound from its biggest monthly plunge since 2008 and reach a record by March because economic growth is stagnating and Europe’s debt crisis is unresolved.

 

Futures traded in New York may rise 13 percent to $1,950 an ounce by the end of the first quarter, according to the median of estimates compiled by Bloomberg

 

I think it has more to do with the media than the politicians.

Not so sure....when was the last time you saw the news without a politician appearing on it somewhere?

For some light relief, switch to ch85 and watch the Keiser report

Monthly chart on gold could indicate $1220 buy area before fresh upmove?

 

I personally wouldn't sell any physical held to trade down to this price as world markets are to volatile not to be holding gold.

 

However should you have any powder left to buy and price hits 1220 buy around April next year then I would get in?

 

Regards

 

ML.

Hope you're wrong, I'm expecting £1220 by April next year

Short-term - lower, long-term, higher.

 

$1400 is a number that is being bandied about. I am a natural pessimist, so I see it going that far before the year end.

 

There are steady climbs followed by big sell-offs, suggesting big boys unloading goldpaper, while the little people pick it up.

 

Very long-term, it can only go to the moon, as fiat money gradually heads to its ultimate value of complete zero.

 

Or does anyone suggest we are not going to see $1900 ever again in the future??

So does ANYONE see another shakeout on the horizon?

Sure, paper selling to continue daily as soon as New York opens for the forseeable

IMF been selling everything ?

Strange to feel relief at a fall like this, but that's exactly my sensation at the moment. Maybe, just maybe, I'll be able to buy under £1000 just one last time.

yet 1oz Britannia still over £1200 at cid

'It's the deal of a lifetime!'

 

The knife catchers mantra.....

Give people enough rope and they'll usually hang themselves

 

(BTW- Can anyone recall when I last made such a clearly Bearish call?)

 

 

Every week for the past 2 years on Gold ?

Yes, and to keep his gold from being confiscated, he is moving it to home

http://www.bloomberg.com/news/2011-08-18/chavez-emptying-bank-of-england-vault-as-venezuela-brings-back-gold-hoard.html