Mr Pipples Posted December 17, 2008 Report Share Posted December 17, 2008 http://www.goldline.co.uk/executiveProductsPage.page You dropping hints? Link to comment Share on other sites More sharing options...
electroweak Posted December 17, 2008 Report Share Posted December 17, 2008 what just happened to the pound!? EDIT: EUR/GBP 0.92 GBP/USD 1.53 Link to comment Share on other sites More sharing options...
Pluto Posted December 17, 2008 Report Share Posted December 17, 2008 what just happened to the pound!? EDIT: EUR/GBP 0.92 GBP/USD 1.53 The pound is collapsing. It is having an Icelandic renaissance. Link to comment Share on other sites More sharing options...
marmite Posted December 17, 2008 Report Share Posted December 17, 2008 Posted over at HPC regarding Gold Backwardation. A excellent read http://www.kitco.com/reports/PositiveCarry-Dec09-08.pdf Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted December 17, 2008 Report Share Posted December 17, 2008 The pound is collapsing. It is having an Icelandic renaissance. parity before the year is out guess we will be the first of the G20 for our currency to be worth zero house prices wont fall as we dont have high unemployment as in the 1990's - its a lagging indicator you muppets people are going to have to go back to paying for things with real savings rather than borrowed money and thats going to be painful for an economy reliant on consumers going further and further into debt things can only get better, can only get better Unemployment increases by 137,000 A redundant Welsh worker at the Budelpack factory tells his story The number of people out of work in the UK rose by 137,000 to 1.86 million in the three months to October - the highest level since 1997. This took the unemployment rate up to 6% from 5.8% previously, the Office for National Statistics said People claiming Jobseeker's Allowance in November rose 75,700 to 1.07 million - the largest rise since March 1991. Several companies have announced big job cuts as the economic downturn begins to hit hard Link to comment Share on other sites More sharing options...
rgleeson Posted December 17, 2008 Report Share Posted December 17, 2008 Rocket man http://uk.youtube.com/watch?v=rzrKlEtxTx4 Edit: I retract this rocket man, my graph was on the wrong time setting Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 17, 2008 Author Report Share Posted December 17, 2008 See you up there! Link to comment Share on other sites More sharing options...
The Mad Hatter Posted December 17, 2008 Report Share Posted December 17, 2008 Any much higher and the missus and I will be in CGT territory. And I thought I f--ked up by buying in October! Link to comment Share on other sites More sharing options...
rgleeson Posted December 17, 2008 Report Share Posted December 17, 2008 Any much higher and the missus and I will be in CGT territory. And I thought I f--ked up by buying in October! How does a Gov make CGT in a bear market. Devalue the currency. Rage. Link to comment Share on other sites More sharing options...
The Mad Hatter Posted December 17, 2008 Report Share Posted December 17, 2008 How does a Gov make CGT in a bear market. Devalue the currency. Rage. A good point. Maybe I should bail out of gold when I hit the limit. That'll show them, the devaluing SOBs. Link to comment Share on other sites More sharing options...
allyjcambo Posted December 17, 2008 Report Share Posted December 17, 2008 See you up there! This isn’t it, surely. Is it? My instinct tells me there remain plenty more battles ahead with regards to the war between the forces of good (PMs) and of bad (paper). That said, gold and silver’s very recent ascent is hugely impressive. Link to comment Share on other sites More sharing options...
electroweak Posted December 17, 2008 Report Share Posted December 17, 2008 A good point. Maybe I should bail out of gold when I hit the limit. That'll show them, the devaluing SOBs. You only pay CGT if you realise the profit in paper terms. You don't hae to sell it all, do you? Also, consider if you physically hold the gold and you bought it, then you can claim you gifted it and the perosn who received it (I think) only pay CGT on the price as it was when bought.. There are always ways around liabilities, I'm sure! Link to comment Share on other sites More sharing options...
rgleeson Posted December 17, 2008 Report Share Posted December 17, 2008 You only pay CGT if you realise the profit in paper terms. You don't hae to sell it all, do you? Also, consider if you physically hold the gold and you bought it, then you can claim you gifted it and the perosn who received it (I think) only pay CGT on the price as it was when bought.. There are always ways around liabilities, I'm sure! Or wait until there is brand new gold currency, then no CGT at all, since the amount of gold you own has not increased Link to comment Share on other sites More sharing options...
bitbigt Posted December 17, 2008 Report Share Posted December 17, 2008 I'm getting quite dizzy and breathless up here. Ooh, look out, duck!! An orbiting toolbag! Link to comment Share on other sites More sharing options...
The Mad Hatter Posted December 17, 2008 Report Share Posted December 17, 2008 You only pay CGT if you realise the profit in paper terms. You don't hae to sell it all, do you? Also, consider if you physically hold the gold and you bought it, then you can claim you gifted it and the perosn who received it (I think) only pay CGT on the price as it was when bought.. There are always ways around liabilities, I'm sure! I think you'll get caught with the gifting bit unless you are married or in a civil partnership. But good point that I don't have to sell it all. I believe there is also some annual thing called bed and breakfasting that you can do around the 5th April. Link to comment Share on other sites More sharing options...
The Mad Hatter Posted December 17, 2008 Report Share Posted December 17, 2008 Or wait until there is brand new gold currency, then no CGT at all, since the amount of gold you own has not increased And wouldn't you just bet that there would be a windfall tax on all gold holders! This bunch of idiots would try anything to get their hands on some revenue. Link to comment Share on other sites More sharing options...
romans holiday Posted December 17, 2008 Report Share Posted December 17, 2008 Is this just dollar weakness? 'cos when I checked the POG in NZ dollars and Korean won [my purchasing currencies] it hasn't moved. But then oil down. Looks like the dollar is on the slide... which should attract more dollars to gold.. which should then lead to higher POG in all currencies. Link to comment Share on other sites More sharing options...
sash777 Posted December 17, 2008 Report Share Posted December 17, 2008 Anyone know what the CGT situation is with GoldMoney? Assuming we need to declare it on Self-Assessment. Link to comment Share on other sites More sharing options...
ziknik Posted December 17, 2008 Report Share Posted December 17, 2008 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. Gold is up more than 16 NZD (correct at time of posting) http://www.goldprice.org/gold-price.html EDIT: Are you looking at a longer timescale? Link to comment Share on other sites More sharing options...
Pixel8r Posted December 17, 2008 Report Share Posted December 17, 2008 Anyone know what the CGT situation is with GoldMoney? Assuming we need to declare it on Self-Assessment. Yes that is the case. I think you are allowed £9200 profit per year, then you pay 20% on anything over that. Link to comment Share on other sites More sharing options...
romans holiday Posted December 17, 2008 Report Share Posted December 17, 2008 Gold is up more than 16 NZD (correct at time of posting) http://www.goldprice.org/gold-price.html EDIT: Are you looking at a longer timescale? Cheers for that. News flash! OPEC has just cut by 4.2 million barrels a day!!!! Wow... talk about overkill.. I think the market was expecting a "massive" 2 million cut. Link to comment Share on other sites More sharing options...
romans holiday Posted December 17, 2008 Report Share Posted December 17, 2008 Gold is up more than 16 NZD (correct at time of posting) http://www.goldprice.org/gold-price.html EDIT: Are you looking at a longer timescale? Cheers for that. News flash! OPEC has just cut by 4.2 million barrels a day!!!! Wow... talk about overkill.. I think the market was expecting a "massive" 2 million cut. Link to comment Share on other sites More sharing options...
allyjcambo Posted December 17, 2008 Report Share Posted December 17, 2008 Yes that is the case. I think you are allowed £9200 profit per year, then you pay 20% on anything over that. CGT in the UK is 18%, I think. Link to comment Share on other sites More sharing options...
sash777 Posted December 17, 2008 Report Share Posted December 17, 2008 Yes that is the case. I think you are allowed £9200 profit per year, then you pay 20% on anything over that. That's not too bad. If we have many more days like we've had this week though the HMRC will be doing pretty well out of Gold too! Link to comment Share on other sites More sharing options...
electroweak Posted December 17, 2008 Report Share Posted December 17, 2008 And wouldn't you just bet that there would be a windfall tax on all gold holders! This bunch of idiots would try anything to get their hands on some revenue. Real gold is portable.. Switzerland has dealers too. Link to comment Share on other sites More sharing options...
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