Should I sell my gold

aroominyork

https://forums.moneysavingexpert.com/discussion/comment/81905573#Comment_81905573

That chimes with the view that 50% of the population should go to university (Blair's legacy), resulting in too many people getting a degree which isn't relevant to their careers. Many people of current and previous generations would be insulted by the idea that you cannot 'find your way in the world' without travelling across the country to go to university.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81905573#Comment_81905573

Yet the opposite is true in France, where students tend to go to local universities and stay living at home till they've finished their degrees.

And French graduates don't appear to be less mature than ours as a result of the experience.

If students stay local then at least it will mean they avoid the eye-watering accommodation costs for living near universities that have come about since big business muscled in on providing student accommodation and universities started scaling back theirs.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81905599#Comment_81905599

There will be people on here better qualified than me to comment on the way University education has been going over the last 50 years but I suspect that the "irrelevant" degree is on the endangered species list by now.

As to previous generations - my father's generation had a world war to "expand their horizons". I was quite happy with University thank you. And yes at the time I resisted - saying it would be better to stay at home get a job start earning money and so on. Fortunately I was dissuaded.

noclaf

Would anyone know if selling gold jewellery (especially very old items) would generate CGT liability at sale?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81906843#Comment_81906843

If over £6k it might.

"You only need to include in your tax return any gain on the disposal of personal possessions where the disposal proceeds were more than £6,000 and the personal possessions are not exempt from CGT."

https://www.gov.uk/government/publications/chattels-and-capital-gains-tax-hs293-self-assessment-helpsheet/personal-possessions-and-capital-gains-tax-2024-hs293

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/81906843#Comment_81906843

If valuable enough, yes. https://www.gov.uk/capital-gains-tax-personal-possessions

subjecttocontract

Surely selling your gold is a personal choice in the same way that selling a shareholding would be. Everyone will have their own opinion but the only one that really matters is yours.

Eldi_Dos

https://forums.moneysavingexpert.com/discussion/comment/81904496#Comment_81904496

If anyone has any gold that is not hallmarked it is quite cheap and a easy process to get your local Assay Office to test and hallmark your pieces.

I would imagine there will be a lot of jewelry without hallmarks making its way into the country in the near future.

subjecttocontract

https://forums.moneysavingexpert.com/discussion/comment/81908620#Comment_81908620

Why ?

Eldi_Dos

https://forums.moneysavingexpert.com/discussion/comment/81908634#Comment_81908634

I would have thought the answer to that was self evident.

Saves having the piece tested and marks left on it if you are hawking it around several jewelers while trying to get best price for it.