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Buying Gold - for savings
Comments
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OK I had no idea Coins were free from capital gains tax. Think i need to research more
2 -
Not all coins but UK Legal Tender ones like Sovereigns and Britannias
1 -
I had no idea that bars (and Krugerrands) weren't. Learned something new today.Blackout05 said:OK I had no idea Coins were free from capital gains tax. Think i need to research more1 -
Is the legal tender value of a sovereign still £1.05?
I ask this because I know that crowns leapt from 25p to £5.0 -
A Guinea is 21 Shillings (£1.05). A Sovereign is 20 Shillings (£1)nottsphil said:Is the legal tender value of a sovereign still £1.05?
I ask this because I know that crowns leapt from 25p to £5.I consider myself to be a male feminist. Is that allowed?1 -
I fancy the idea of some real 'hold in your hand' gold, but the commission charges put me off. Along with the hidden charges between the buy and sell prices*.
I'm guessing it's not really worth it unless you want to avoid CGT. (I don't need to)
*eg Bullionbypost, are currently selling sovereigns at £510, and buying at £469. So that's a loss of 8% straight off the bat.How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0 -
Sea_Shell said:I fancy the idea of some real 'hold in your hand' gold, but the commission charges put me off. Along with the hidden charges between the buy and sell prices*.
I'm guessing it's not really worth it unless you want to avoid CGT. (I don't need to)
*eg Bullionbypost, are currently selling sovereigns at £510, and buying at £469. So that's a loss of 8% straight off the bat.I’ve been looking into buying Britannia’s from Atkinsons and the buy/sell spread is about 2% which I think is not to unreasonable.
1 -
That is to do with the size of the coin. I imagine the Britannias you are looking at are 1oz coins. They may not be as easy to offload as the smaller coins like the Sovereign when you want to sell.TBC15 said:Sea_Shell said:I fancy the idea of some real 'hold in your hand' gold, but the commission charges put me off. Along with the hidden charges between the buy and sell prices*.
I'm guessing it's not really worth it unless you want to avoid CGT. (I don't need to)
*eg Bullionbypost, are currently selling sovereigns at £510, and buying at £469. So that's a loss of 8% straight off the bat.I’ve been looking into buying Britannia’s from Atkinsons and the buy/sell spread is about 2% which I think is not to unreasonable.
1 -
Do all gold Sovereigns weigh the same ( 7.98 g )
If so, is there also an element of "collectibilty" about them, as the prices seem to vary quite widely?
How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0
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