Member Info for Flashy500

I am surprised there's been no response at all from Abingdon H about this - especially getting ready for an IPO - this article seriously damages them in that regard. Cheers

I agree to that Dillion - not unless Sandeep's taken a rough fall from riding his Kangaroo on his mine inspection and taken a blow to the head!

Does Newcrest have teh right to walk away from our farm in without any penalty at all? I don't know why they would at this stage but just wondering about the contractual arrnagements. Surely GGP would have tried to protect themselves after the last driller walked? Thanks.

Hi Chippy - thanks for that - as I said I'm not a tax specialist or IFA so consult with people who are. But I am in a similar boat to you in fact - just last night my old man sent an email asking for any Christmas ideas - I sent him an email back with a link titled 'magic box' to the Atkinson £147000 Britainnias. Got a rather expletive but humorous reply in return. No gold alas!

Hi Chippy - knew it couldn't be that easy. Gold forms part of the estate value unless its given away 7 years before you die! Still has to reach the tax limit of 325k however. (Roughly 2 boxes of Atkinsons 100 Britainnias!). I'm not a tax guy or IFA though so dyor:
https://thestudentlawyer.com/2019/04/01/tax-implications-of-buying-physical-gold-and-silver-in-the-uk/

Chippy9: Hi - that sounds a bit too easy to escape from the blood-suckers of HMRC. But I have just found this: https://thepuregoldcompany.co.uk/how-to-leave-a-lucrative-legacy-to-your-loved-ones/
I'm sure I read somewhere else that it is taxed somehow though.....it can't be that easy.....

Thansk for the discussion Stuart - this board is a great place to trade ideas and educate ourselves! Long may it continue!

Hi Stuart. Gold bars aren't tax exempt - it's only the UK minted coins that are CGT free. They are both VAT free however. Thanks.

Thanks Trucky that's useful to know. Do you plan on holding it as a safeguard against inflation etc. Storage is something I'm thinking about but as I don't have any at the mo, and won't have a vast amount in the near future (GGP has it all!) then it's not too pressing a situation for me just yet. But I was thinking about buying some for nephews and nieces as a long term present for them each.

Thanks Delboy. I think the idea with people who buy gold from an investment point of view / or hedge against inflation and QE, is that we do sit on it for deacdes and pull it out from under the bed when the world has gone ***5 up! So by the time you do come to sell it back it would be worth a lot more anyhow. Cheers.

As a declaration I don' thave any bitcoins and I am rather uneasy about all these youtube financiers who seem to be jumping into it now. No substitute for gold I don't think. BUT - I know Speedy and Elise and a few others have bought gold before from the likes of Atkinsons - but have you ever tried to sell it back to any of these companies? They usually buy at the bullion price which is a lot cheaper than what we buy them for on these sites. For example, someone I know has a 1990 brilliant uncirculated 39.9 grams 22 carat coin - on one bullion site it's available to buy for £3700 or so. The actual gold itself is worth about 1.5k and that's about what they were offered when they tested the water with an enquiry to sell it (perhaps this is a rarer find for a buyer so has a larger mark up)? Atkinsons seem to be much closer to the mark though in value for weight of gold - their 1 ounce Britannia is pretty close to that weight in gold which is a good guide to go by I suppose. Obviously you don't buy gold to trade as its too fungible but what, in peoples' experience, is the best way to sell it? Thanks.

Oh, meant to add: when the first quantum computers come online, Bitcoin will probably crash as current protection technologies won't be able to keep them safe (not 100% sure if that's true but it is something I am wondering about - in fact all these digital currencies are vulnerable in this way so I think people place too much stock in them).

Interesting post on bitcoin. I did look at using a tracker fund in my ISA to 'buy' bitcoin (0PTN I think is the ticker). The advantage of this is that 1) No messing around having to set up a digital wallet/risk putting £11k in to buy a bitcoin. 2) It's tax free when you sell as it's all in the ISA - bitcoins ARE subject to CGT. 3) With the ETF you don't have to buy a whole bitcoin value - you can put in a great deal less adn still mirror the price moves. The one I looked at is in Euros as a denomination, so there is a FOREX element, but I think it's the best way to expose yourself to bitcoin in a more limited way. It did seem to match the price moves when I checked the charts against Bitcoin for this year. Of course, DYOR.

IT would be nice if Wallbrook PR could actually earn their crust for a change - this is obviously price sensitive information so they should be managing it and letting investors know where to bloody find it.....absolutely dreadful.

Squeaky bum time! Really really squeaky bum time....damn thing is literally singing!

Thanks Tom E for that advice about Atkinsons. I've been looking at their site today wondering if it's worth investing in some of the physical stuff for my nieces and nephews. Only prob is there are so damn many of them!!!!

I use II interactive investor - managed to get an extra grand on my app. Hopefully much of today's damage will be undone tomorrow and the next week.

I got £1k ODX at 56p today to av down. Took several minutes though.

Speedy: Not the £155k monster box from Atkinsons was it?

Thanks for the civil reply - I wasn't having a go at all.
I'm not sure if this bid is going ot be us at all as it is too big for our capacity. I'm just worried that people think it will be us and then we'll get hit with a wave of diasppointment as it goes to (knowing this govt) a one man band in the Cayman islands with a company registered in the last fortnight.....hopefully I'm wrong and it mgiht filter down to us through the RTC. Cheers