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ziknik

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Posts posted by ziknik

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Whats the story with POG?? Is this just dollar weakness? 'cos when I checked the POG in NZ dollars and Korean won [my purchasing currencies] it hasn't moved.

     

    Looks like the dollar is on the slide... which should attract more dollars.. which should show higher POG in other currencies.

     

    But then oil down. :huh:

     

    Gold is up more than 16 NZD (correct at time of posting)

     

    http://www.goldprice.org/gold-price.html

    gold1donzdep8.png

     

    EDIT: Are you looking at a longer timescale?

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Ziknik, can you send a link to the $500,000 minimum as I cannot see it on the form or web site only maximum thresholds for US/Canadian companies where the directors do not have a passport "These thresholds are currently the equivalent of a USD250,000 balance and USD50,000 turnover per annum respectively" Something is wrong somewhere as there are stating a max balance of $250K and a min balance of $500K

     

    I can’t link directly. Go to this page

     

    http://goldmoney.com/en/cap.html

     

    And then click "CAP for Companies Form" (about half way down the page on the left side)

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thats a good idea that I have not considered, open a goldmoney account for my business. Thanks...

     

    I have just emailed James Turk to ask about his possibility of opening a limited company account. Will report back what he says..

     

    It’s on the GM website

     

    The minimum initial metal purchase amount for all companies must be at least US$500,000. GoldMoney will not accept applications from a company unless this minimum investment amount is first guaranteed by the company's owners/operators.

     

    http://goldmoney.com/forms/CAP-Company-A4.pdf

     

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I already have some personal coins & bullion. I was just thinking this may be a better way to hold reserves for the company, rather than hold cash at the bank and get negative interest. I could pay myself it, but want to keep some reserves in my company.

     

    Sorry, I think I misunderstood you earlier. I thought you were looking to make a VAT gain via the company.

     

    Keeping bullion for me company is also something I’ve got in the back of my mind. But first I need my company to actually have some money.

     

    Let us know if your accountant provides you any information regarding paying yourself in bullion. I’m reluctant to mention gold to my accountant. She knows far too much about my finances already.

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    This is not what I was suggesting. I own my own VAT registered company and am thinking of talking to my accountant about shifting some of my company reserves into silver. I think, but am not sure, that my company can buy silver reclaim the VAT, then when the company wants to sell it charge VAT. I will check this out and report back...

     

    Yes, your company can do this. And the silver can be in your hands for use if TSHTF.

     

    But I am not sure you will gain anything if government/society does not break down as your company will need to pay corporation taxes on profits when the coins are sold.

     

    EDIT:

     

    Consider 3 scenarios

     

    Your Company makes £10,000 profit and pays 21% Corp Tax. This leaves £7,900

     

    1. If the Company buys coins for say £10 each, the Company has 790 Coins (ignoring the VAT because the Company is going to reclaim it)

    2. If the Company pays you dividends and you are not a higher rate tax payer, you have £7,900 to buy coins at £10+VAT = 686 Coins

    3. If the Company pays you dividends and you are a higher rate tax payer, you have (£7,900 minus 25% tax =) £5,925 to buy coins at £10+VAT = 515 Coins

     

    Now coins are selling on ebay for £100

     

    1. 790 coins = £79,000. Minus the VAT you owe to the tax man = £68,696. Minus 21% Corp Tax = £54,270. Assuming you are a higher rate tax payer, you lose 25% on the dividends = £40,702 in your hand

    2. 686 coins = £68,600 in your hand

    3. 515 coins = £51,500 in your hand

     

    Looks like you are better off buying the coins your self.

  11. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    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?

     

    The company can sell the silver directly to Pixel8r for £1 + £0.15 VAT.

     

    For clarity, I’m not recommending it. This may be a jailable offence (fraud), so make sure you DYOR. It will certainly get you struck off the directors register if you are caught.

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    first quote from wren, not sure how you do double quotes.

     

    "Typical. My first platinum coin arrived just today.

     

    It's a nice-looking Isle of Man Noble with the neat Viking ship."

     

     

     

     

    Yes, I am also wondering where to get some platinum, physical of course, any recommendations would be great.

     

    CID have them

    http://www.coininvestdirect.com/main.php?a=11&id=292

     

    EDIT:

     

    Click QUOTE on all the posts you want to quote and then click ADD REPLY at the bottom of the page

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That is a very hand page, BUT IMO it is VERY dangerous. Because of the way they do the vertical scale, you cannot tell how quickly each is moving.

    I haven't checked, but I'd bet the GoldJPY dropped a LOT more than GoldGBP !

     

    Yes, it’s really only useful for up and down (when looking at all currencies together).

     

    It would help if they did the numbers in Percent instead of currency value.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Excellent Link. It gives a very clear picture. Thanks :)

     

    It does bring up the question as to why is it dropping ??? Following oil down, but I thought it had decoupled ??? ..... Deleveraging, but once that finishes it will shoot up like a ball under water ????? New Treasury Sec anouncements last week ?????? Have I missed something, time to trawl news feeds / forums ???? Terror attacks, but doesnt that make the price go up ????? Expected good Black Friday figures, but I thought consumers where skint ?????? Better than expected non farm payroll expected this friday, but factories are closing ?????

    Ouch Ouch, all this thinking hurts my head :blink::blink::lol::lol: The only thing I can compute is Dollar cost average :unsure:

     

    Simple. People are selling gold because

    1. they are forced sellers icon8.gif

    2. they are stupid :wacko:

     

     

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I've found a coin shop that has Kruggerands £20 cheaper than CID but strangely more expensively in dollars than CID. Free delivery as well.

     

    www.scoinshop.com

     

    anyone know much about it?

     

     

    They’ve sold out according to the website. The price might not be valid.

     

    I’ve never heard of them before.

     

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...

    I also notice that silver is VAT free if shipped to Spain.

     

    It’s not VAT free. CID can’t ship silver to Spain anymore.

     

    This item is not available for shipment to the selected Ship To country Spain. We have reached the limit of VAT liable goods as per Article 34 of EC directive 2006/112/EC, VAT directive. Please chose a different Ship To country.

     

    EDIT: That's not my typo. That’s direct copy & paste from CID

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...

    Yes, I agree that we are in uncharted waters and there are no options that are completely safe and foolproof. I'm in with BV but I am also considering a personal holding as well (if I can get hold of it). I think we can both agree that the situation would be close to martial law/dictatorship before things get that bad.

     

    But then again, the gold price might collapse and we'll be sitting around like a bunch of numpties with a load of dotcom shares. I'll really be in the doghouse then!

     

    I agree with a lot of your points (and Bimble). I use BV and GM myself, so its comforting to know you guys think theres a chance we can keep it in a confiscation event.

     

    Protect yourself as much as you can. Labour have form when it come to gold.

     

    http://24carat.co.uk/collectingcoinsframe.html

    Restrictions for UK Residents

    Between April 27th 1966 and March 31st 1971, it was illegal for any UK resident to buy gold coins, or to continue to hold more than four gold coins previously owned, with the exception of antique gold coins dated before 1838. This was introduced without warning under a provision of the Exchange Control Act of 1947 (Statutory Instrument No. 438 of 1966). We believe it was a rather pathetic and futile attempt by the then Labour government to shore up a creaking sterling exchange rate. Similar restrictions are still enforced by a few third world or third rate nations nowadays.

    There are now no restrictions on UK residents owning or acquiring gold coins.

     

    BTW, We didnt elect the Prime Minister and hes doing some pretty crazy things. The situation is possibly not far off a dictatorship. We might not have an election every again.

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Sorry, the link to www.uraniumvault.com seems to be down. I don't think it is legal for citizens to own uranium. It is highly toxic as well as weakly radioactive.

     

    If you can show me evidence that ordinary citizens have ever been entitled to own uranium, I'll concede the point.

     

    I was about to conceded that you and Bimble had exhausted my argument, but you’ve gone and proved my point for me. :)

     

    The Government don’t want me to have uranium in Switzerland and therefore I am unable to do so.

     

    Sorry, the link to www.Bullionuraniumvault.com seems to be down. I don't think it is legal for citizens to own golduranium. It is highly toxicterrorist currency as well as weakly radioactiveimmoral .

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Swap gold for property, lets say a house, and try the scenario again....

     

    The government can issues a CPO (confiscation) for a house I own in UK, but they cannot do the same for a house I own in Zurich.

     

    Now, if our first assumption about I/we owning the BV gold is true, I must own the gold in Zurich under Swiss laws. That is the real question no?

     

    I think you’re right, but,

     

    Swap ‘Gold’ for ‘Uranium that can be used by Alqaeda to make dirty bombs for use against the UK and her allies’

     

    Does it matter that your uranium is in Switzerland?

     

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hmmm, would be interested to hear from a legal beagle about that (if we have one on the forum). If BV owned the gold then your statement would sound about right. But in this case, we would be talking about property that I own in Zurich being confiscated by a foreign government.

     

     

    I can see what you’re thinking and I think you’ve potentially got a good point.

     

    But, you can’t stop BV turning over their records to HMG if gold ownership becomes illegal.

     

    If gold is confiscated (forced purchased) I expect to lose my BV / GM gold. I will not fight to keep it. It’s not worth the life sentence in Guantanamo Bay.

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