/biz/ - Business & Finance

>>12399410
for the uk something like bullionvault is okay in small cash terms, you can pay a storage fee or sell it back to them if you really want to hold the shiny rocks in your hands for a fee.

>>12399546
Definitely want to hold the shiny rocks in my hand, the whole reason I'm buying gold is because it's historically been a store of value against bankers/state manipulation of fiat currency.

I don't trust 'em.

>>12399410
bullion by post

but britannias, you don't pay any capital gains tax on them

I've bought 165 ounces from them

>>12399998
Wait, is it possible to buy Britannias with BTC and then sell them without paying any tax at all?

>>12400031
I don't think you can by them with btc, you can in the us at goldsilver . com but not in the UK. But yeah, the other bit is 100% correct, gains on uk minted bullion coins is 100% tax free.

>>12400062
I'm in the UK though so would they ship me a Britannia from US?

>>12400108
probably lol but what about customs charge and shipping fees

>>12399410
You are smart anon gold and silver

>>12400108
you can buy from silvergoldbull . com in the UK for btc but it is more expensive that bullionbypost

>>12400140
Alright thanks. Not that I would ever evade taxes, you know. It's just all theoretical.

>>12400140
£1069 for a single ounce if you pay btc, cheapest is £1065.

Bullionbypost today is £1055 for a single ounce, cheapest is £1038, but thats on a million pounds worth

>>12399410
The premium difference is negligible. Typically, depending on the dealer, you will pay between 3% and 5% over spot to receive your coin in the form of a Sovereign or Britannia. Bars have a slightly similar premium but can be much harder to resell. Using Bullion By Post for examples, since they're a highly liquid dealer:

Current spot price £1009.51

A sovereign contains 7.322 grams of gold - £250.80 (or £1065 per ounce)
A britannia contains 31.103 grams of gold - £1055

ratio of britannia:sovereign = 4.24788

So actually, the Britannia is the slightly better purchase right now on that site. Others will vary. Do what you want, anon. Just don't get sucked into buying numismatic coins to masturbate over like a filthy kike, as they DO have hefty premiums. Bullion is bullion.

Thinking about buying one or two of these

>>12400710

How much for this purity and fancy shit?

>>12401151
Considering that’s a knockoff for sale on Alibaba, I’d say ~$3.50.

>>12399410
>gold meme

I’ll make sure to laugh at this post later

>>12399410

Fractional gold coins are a good start to stacking. If you don't have the appetite or funds for whole troy oz. of gold you can purchase by 1/10, 1/4, or 1/2 oz.

British sovereigns are never a bad deal and are more durable in 22 kt alloy. Plus they have a history of use in circulation worldwide (in the past, of course) as well as being issued to SAS operatives in war zones.

The three bullion coin programs that issue .9999 fine gold are the Canadian Maple Leaf, UK Britannia, and the Australian Gold Nugget (notice a pattern here? All parts of the former British Empire...).

The US Mint didn't have a 24 kt gold coin until they issued the American Buffalo in 2006. Their mainline bullion series is the Gold Eagle, but those coins are .916 with silver added alongside the traditional copper so it has a slightly greenish tint.

As for premiums, expect it to be added to the spot price of the day for gold, usually 3-7% depending on the weight of the coin.

If you're trying to liquidate gold, definitely stick to coins as bars have to be assayed for authenticity. Also, certain parts of the world have a preference for 24 kt gold, such as China; they don't have a high regard for American Eagles and prefer the purity of Canadian Maple Leafs.

>>12402823
Was waiting for someone to point out that AGEs aren’t pure gold, they have copper and some silver mixed in for durability. Pure gold scratches and dents really easy, an alloy is stronger

>>12402823
I hear there are a lot of fake Sovereign coins going around. And I think one of the ones I have might be but I'm too chicken to get it out of the safe and check it out. It looked a little weird when I got it like a year ago.

Soverigns and anything fractional under spot like dumb themed memorial coins

>>12403573
So you think buying a 1oz coin is worse than fractionals?

Last I checked you pay a bit more for the fractionals.

>>12403677
Go on Reddit (I know) r/silverbugs and look up eBay bucks. Lots of gold under spot price during deals. Sometimes fractional are cheaper.

>>12403861
I'm from the UK, so I think BullionByPost is my best bet.

Last time I checked, the prices were as follows:
1oz - ~£1037
1/2oz +£44 (for x2)
1/4oz +£83 (for x4)
1/10oz +£90 (for x10)

if you dont have enough money to buy 1oz easily you dont have enough to buy gold. invest in yourself to get skills or whatever else you need to make enough money so that you can afford 1oz like it's nothing. retard plebs

>>12404586
I do have enough to do it comfortably (just about), but I'm worried about liquidity with it being £1000+ and am wondering about fractions. Might be harder to sell 1oz if I need to, than it would be 1/4 or a sovereign. But then you pay a higher premium of fractionals anyway.

>>12404605
thats why you should just own the paper. buy an ETF or something.

>>12404605
valcambi combibar is the one peter shciff is always holding. You have probably seen the pic somewhere. They are breakable into smaller units.
I personally get the pamp suisse lunar series and gold eagles because in us

>>12404605
Definitely won't be difficult to move 1oz coins, vastly more of those are minted than the smaller denominations. Just get sovereigns if you want coins under 1oz.