RE: Wow VAT on physical silver gains16 Feb 2022 09:11
Hi Bojo. I believe you pay VAT when you buy physical and if you go above your capital gains allowance, then you have to pay CGT on non-Royal Mint coins and all bars. Royal Mint coins are CGT exempt due to their status as legal tender.
I keep physical coins for the SHTF moment.
UFO gives you maximum leverage on silver on the London market.
In Doug Casey’s book Crisis Investing he wrote:
“From 1962-1968, the average penny silver stock moved upwards over 150 times in price, one went up over 1000 times due to a mere doubling of the price of silver and speculative fervor on the part of investors.”