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ziknik

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Everything posted by ziknik

  1. ziknik

    GOLD

    I think they are less popular. I have bought some from ebay for less than half the price Edited
  2. ziknik

    UK House prices: News & Views

    This is a frustrating period for pretty much everyone. A number of people want to sell their homes but are unable to do so because they are in negative equity. People want to downsize and collect as much cash as possible for their retirement but are unable to do so because there aren’t enough buyers to settle the property chains. Most peoples’ pension has taken a beating. Inflation is the only way out of this mess. Let’s hope it doesn’t turn hyper on us.
  3. ziknik

    GOLD

    Back on topic http://uk.reuters.com/article/idUKLNE56T00...dName=fundsNews
  4. ziknik

    GOLD

    Thank you I’m not defending him. I remember you two have clashed before. It’s gone too far when you are making comments about poor parenting and child beating IMO. As far as I am aware, cgano’s parents aren’t members here and haven’t done anything to deserve such speculation
  5. ziknik

    GOLD

    That’s a really low shot. Put cgnao on your ignore list if you don’t like him. You are lowering the tone of the forum EDIT Following post below: I’m starting to think it was YOU who was beaten as a child - Probably by cgnao* I won’t engage you any further on this point because I really believe you are lowering the tone. * who was also a child at the time
  6. ziknik

    UK House prices: News & Views

    http://news.bbc.co.uk/1/hi/business/8175479.stm
  7. I’m up over 14% today, there must have been a fault on yesterdays Yahoo data. You are right though - I’m sure I will be picking a number of shares that suffer for many years and some of these will go bust
  8. Cazenove have given GSK the kiss of death - Down over 14% today. It’s a good job I am in this for the dividends. My GSK position is underwater. http://www.telegraph.co.uk/finance/persona...eral-Trust.html
  9. ziknik

    The BP thread

    BP profits down 53% YoY. Up 30% QoQ http://www.independent.co.uk/news/business...53-1763468.html
  10. ziknik

    UK House prices: News & Views

    Another hand out of my money
  11. ziknik

    UK House prices: News & Views

    Looks like I was wrong about the foreign lenders. They might be coming back http://business.timesonline.co.uk/tol/busi...icle6727253.ece
  12. ziknik

    SILVER

    That's right. You have to declare what you owe. AND what HMRC owe you You don’t have to declare what you don’t owe.
  13. ziknik

    SILVER

    You wouldn’t mention britannias/sovs on your tax return in the same way you wouldn’t mention your ISAs http://www.hmrc.gov.uk/manuals/CG4manual/CG78308.htm
  14. ziknik

    SILVER

    You might have to make several trips as I don’t think you can take more than £10k of silver out of the country. I wrote a worked example for a CGT calc (below). I’m not sure if it is correct but it looks right as far as I can tell OK, here is my attempt at a worked example (can anyone confirm or challenge) * I buy £5k of silver bullion at GM * The silver price increases by 10 times in GBP * My silver is now priced at £50k * I gift half to my wife. We each have £25k of Silver. There’s no CGT on this transfer. We are deemed to have paid £2.5k each * We each sell the silver for £25k My taxes on this transaction are as follows (Wife is identical) * The actual gain I have made is £25k - £2.5k = £22.5k * The chattels rule allows me to calculate the gain as £25k - £6k x 5/3 = £31.66k. * We take the lower figure for CGT. In this case is it £22.5k (not £31.66k) * Now, I take off my personal allowance (of £10.1k). £22.5k - £10.1k = £12.4K * Then I pay 18% of this figure as CGT. £12.4k x 0.18 = £2.232k http://www.greenenergyinvestors.com/index....st&p=118388
  15. ziknik

    SILVER

    How are you going to get round it? If you sell it at Chards for example, then Chards will have records of the sale in their books. This will allow HMRC to know who sold (if they chose to look). I doubt you will get round this by selling at CID as they are also a British Company. GoldMoney and BullionVault both say they will co-operate with the British authorities. And ebay monitor sellers on behalf of HMRC. It’s not worth getting caught in my opinion. I know people who have been investigated by HMRC and it is horrific by all accounts. You are presumed to be guilty until you prove otherwise. HMRC will never agree that you are ‘not guilty’ they will instead go quite. You won’t know if/when the investigation has finished.
  16. ziknik

    GOLD

    Yes, Any coin with a Sterling Face value is also exempt These coins tend to be expensive though
  17. ziknik

    GOLD

    Select GBPEUR from the ‘Instruments’ list and save yourself from the F5 button http://www.netdania.com/Products/live-stre...artStation.aspx Wren is correct. You aren’t going to make anything by waiting for a good GBPEUR rate if you buy gold with the GBP as soon as you receive it. Hedge funds and the like will close these gaps long before you get a look in. You are better off buying gold with your EUR. This way you save yourself from one set of exchange fees. Yep, Sovereigns and Britannia’s are CGT exempt. Any other gold isn’t.
  18. ziknik

    UK House prices: News & Views

    We are all on the same side – The deflation relative to gold side
  19. ziknik

    UK House prices: News & Views

    I disagree, I believe interest rates will be held low for a long period to come.
  20. ziknik

    UK House prices: News & Views

    I might sign up for some of that myself. STEP1: Take out huge mortgage that I cannot afford STEP2: Default STEP3: Sue HMG for making it possible for me to take out a mortgage that I couldn’t afford
  21. That’s right. I have my shares on ‘automatic dividend reinvestment’. I have chosen not to pick my own re-investments points as I will be charged a £12(ish) fee for the purchase (no fee on automatic dividend reinvestment). I have a small amount of money on each share I hold so a £12 fee is a huge percentage of the total dividends I am going to receive. In some cases, £12 will be greater than the total dividends I receive. I don’t need the cash in this portfolio at the moment, I’ve got circa 25% in Sterling and I am struggling to find shares/funds to purchase. Welcome to GEI BTW.
  22. ziknik

    UK House prices: News & Views

    ^^ Thanks, that's really useful
  23. ziknik

    GOLD

    Which broker are you using for your options? EDIT: Thanks
  24. My SVT shares got hammered today after OFWAT proposed to slash water bill for the first time in years. I hope the shares stay down because my dividends are coming next week http://news.bbc.co.uk/1/hi/business/8164243.stm GSK is performing well on the back of Swine Flue, but not well enough to suggest investor confidence. The Telegraph has an AVOID recommendation on GSK (I’m not selling) http://www.telegraph.co.uk/finance/markets...to-swallow.html
  25. ziknik

    GOLD

    I hope you’ve taken a list of all the local silver coin dealers
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