ziknik

Around 1.25 - 1.35

My guess at this point is £7.50 low and £13.50 high for the year. 13% downside, 57% upside

How low could it go?

http://www.telegraph.co.uk/finance/persona...-investors.html

I thought this (below) was an interesting statistic. http://www.guardian.co.uk/business/2009/au...-fall-recession The report said that the total value of residential houses and flats tumbled by nearly £400bn, or 9%, to £3.9tn. Housing still remains by far the most valuable single asset class, accounting for 56% of the country's net worth. Commercial buildings shed £100bn of value to be worth a total of around £600bn.

:lol:

You don’t mention any exempt items when you fill in a Self Assessment. Gold Sovereigns & Britannia are exempt because of TCGA92/S21 (1)(B ) TCGA92/S21 (1)(B ) says all Sterling Currency is exempt from CGT. The Silver Britannia (£2) is Sterling currency – like the Gold Britannia (£100) EDIT: This is the CGT question from a Self Assesment. It does not ask you about non-chargeable (exempt) items

You are not missing anything. Buy the Britannia if you want a one ounce coin.

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

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.

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

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

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

http://news.bbc.co.uk/1/hi/business/8175479.stm

Another hand out of my money

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

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.

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

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

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.

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

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.

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

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