Member Info for Doozer77

After some cursory research on accepting gold as a form of payment…

Tax Type

Treatment for CGT-Free Gold Coins

Income Tax

Taxable on receipt at market value (like any payment in kind)

Capital Gains

Exempt — no CGT when sold, regardless of profit

VAT

May apply if payment is for taxable service

Bottom line: CGT-free coins avoid CGT, but do not avoid income tax. You still pay income tax on the market value when you receive them.

Re post of PP’s earlier post…

https://youtu.be/uOcQYEOKyA8?si=Va0-fbh9LZE0J2u1

Whether it’s gold itself or a reversion to a gold backed currency, something big is going on…

Apologies for jumping in here Z, but I respectfully disagree on almost all counts.

Just because this is the way that financial markets have worked over the last few decades, doesn’t mean it’s always been this way, or indeed will stay that way in the future.

I think all the things you mention are indeed possible, if not probable, in the geopolitical environment in which we find ourselves.

Western governments are hell bent on introducing CBDC’s, the benefits for them are clear. China had experimented with expiry dates on theirs…

So if the absolute control over your money wasn’t enough to drive people to look into silver and gold, yes as an investment, but also as a potential payment method of the future, I don’t know what will.

Bullion can be bought in credit card sized micro bars of 1g, or indeed separately, so in theory you could use them for small trades, whether that’s black market or legitimate. I’m considering putting it as an option of payment for me, no idea of the ramifications of that at present as it only popped in to my head this morning.

The only thing I agree with is the risks of self storage…however I am an advocate for it…

Thanks PP

https://youtu.be/-jHzdMo-YCc?feature=shared

For once Speedy, I was way ahead of you!

Great post 👍

Hold strong gents

Obviously Red 🙄

Well Bunky, I was under the impression that it was just your head that was buried…but on reflection, we’ve all just witnessing a small burst of light as you completely disappear up your own ar*e.

Good day Sir…

Here endeth the rant. Sorry, nothing personal... i couldn't help it. It gets me every time! :D

Mounting evidence suggest youth politics is shifting significantly to the right…

Have a Google once you’ve extracted your head from your rusty starfish…

If you really believe that Bunky that’s up to you.

The truth is they want you to believe that Brexiteers are in the minority now, because the political elite on both sides of the house never wanted to leave in the first place, and have done/are doing everything they can to overturn it…Propaganda if you like, just like the official narrative there was only 150,000 at the Unite the Kingdom March…please…

https://youtu.be/Q0HHZbvvQOE?feature=shared

What was it Jim Royal said…? 🤔

Still whinging about Brexit…?

What a Plapper…

Https://youtu.be/BYT_lBxf380?feature=shared

How’s his mate Schwab? Wasn’t he up on charges?

Ditto Howard…

Thanks TT…

“Greatland Resources Limited has taken centre stage at the Mining Forum Americas Conference”

That’s a lovely thing to hear…

Is t there some Tungstun kicking about somewhere too…🤔

Cheers Bamps 👍

We are now Greatland Resources for a reason…

You know what they say BB…

“If life gives you crushed rock, build a road”