Member Info for buffa

What will make gold price (in fiat I presume) go higher - Simply that which has increased the PoG over the last umpteen years ie forever declining value of All fiat currencies relative to the metal itself. How to halt or reverse this - again easy to answer, pay off all National debts, balance their yearly budgets and peace/harmony to break out worldwide. I shall stick to physical gold meanwhile whilst waiting, hopefully but not with bated breath, for the former to occur. Call me a cynical if you like, I'm just a realist.

Whilst I have posted before that 2nd hand silver does not attract vat nevertheless I found that Atkinsons (among other dealers) were charging over £87 per 2nd hand silver 1oz britannia - that's a premium of >60% which is ridiculous. 1oz gold britannias were attracting a premium of <6%.

Hu Drover, you will be better off than you predict because it seems you are using PoG in US dollars whilst the quoted number for AISC is the amount in Australian dollars.

Hu Drover, you will be better off than you predict because it seems you are using PoG in US dollars whilst the quoted number for AISC is the amount in Australian dollars.

Hi Speedy. Read your post with interest re BullionVault. Have bought gold through them in Switzerland for many years without any problems and more recently Silver. You pays yer money etc. Perhaps I'm just lucky although Trustpilot's over 3100 reviews show 84% 5* plus a further 10% 4*.

Naughty. IHT kicks in on everything after death outside the Nil Rate Band. As for gifts in your lifetime that subject is a whole different minefield where you do need to do your research. Taxes and Death eh?

Hi Speedy, I use bullionvault who charge 0.12% pa storage charge for gold (differing rates for other PGMs) but with a minimum monthly charge of $4. Prices for biying/selling gold on bv are close to spot with a one off commission of 0.5% which reduces for individual large purchases.

Whilst I am no expert my understanding is that any gold in your Estate does not attract CGT although its market valuation is part of the Estate undergoing probate. So provided you leave the gold, in whatever form, no CGT to pay. Obviously if you dispose of any gold during your lifetime it is taxable outside your CGT annual allowance (currently £3000) - exceptions are for gold legal tender coins ie sovereigns and britannias which are free of CGT.Hope that helps.

Hi Element, noted your comment re Shaun Day. One of the original reasons for my first investing in GGP was when SD took the CEO position. Previously I was impressed with his performance as CFO at Northern Star where over a 5 year span that miner grew from <1bn to >5bn if memory serves. SD is a very talented operator who tends to under promise and overshoot. If he goes I go.

Gold is in a 50+ year 'bubble' since the early 70's. Really? The more you understand why Central Banks are selling fiat to purchase gold - now seen as a substitute for cash/collateral on their balance sheets - the more you will appreciate why a hard physical commodity (GOLD aka Real Money as the famous banker J P Morgan testified in 1912) is increasingly replacing a rapidly depreciating dollar as the new reserve currency - in Gold we Trust. True 'investors' (not speculators!) understand the exceptional value offered by GGP to us to build a legacy for ourselves and families in the years to come and, to paraphrase Rick Rule, not be shaken by events over a 'long weekend'.

Typo - obviously should read £6.71 Not £671.

Hi bo, GGP vs Gold. From Jan 2025 to present Gold has moved from $2800 to $5018 - Not bad an increase of 1.7x

In the same period GGP has moved from £152.4 to £671 - also Not bad an increase of 4.4x

Https://youtu.be/7kuC2rOznJE?si=I4FCBjJgyTppPhXC

Last year Trump said "he who holds the gold makes the rules". The US reputedly holds some 7000 tonnes in, primarily, Fort Knox - but refuses an audit which raises questions. China, officially, holds some 3000 tonnes but informed observers estimate their real holding to be closer to 30,000 tonnes. Make of that what you will (gold-backed yuan as the the reserve currency anyone?).

Gold has risen over $100 within the last hour alone this morning. Both good and bad because any trader will tell you they can make more money on a day trader with anything that is rapidly moving up or down. So Gold and Silver both climbing fast must inevitably attract the get-rich-quick day traders on leverage in the paper market (leverage of x100 not unusua). Once Shanghai eventually takes over price fixing for precious metals away from the LBMA and Comex I would expect to see reality return to physical pricing. Don't think that eventuality is far away.

The "Creep" Exception: Once you hit 19%, you can only "creep" up by 3% every 6 months without launching a formal bid.

Hi Speedy, thanks for the info. Have previously purchased from Hatton Garden Metals but not Tavex in Hatton Garden. You're right their prices are competitive but await delivery advice since their quotes can be altered with time and market moves. Thanks again.

Https://substack.com/@macleodfinance/note/c-207960006?r=306ftd

If you leave any gold bars/coins etc after your death then they attract no CGT upon probate provided they're within the nil rate band for inheritance tax - as it stands currently. They will be priced at market rates at probate similarly to other property. If you inherit them then their probate valuation will be the baseline for future calculation of any cgt.

Silver of any sort attracts VAT.