1 ounce Krugerrands are usually priced nearest to gold spot, hence their popularity and my go to preference. Im sure there are others. Similarly 1kg silver bullion often offers the best value I have found.
Have I got this right? If one is UK resident, wanting to buy (and at some stage) sell gold coins, then only sovereigns (or fractions thereof) are free of CGT. So if one ignores the sovereigns at premium of 100% and goes for fractional sovereigns at the 15 to 20% premium one needs to pay, on sale there is a good prospect of selling with the same premium to spot and no CGT. Where's the catch? There usually is one. Perhaps now fractional sovereigns are rarer which means the premium has gone up and may not be obtainable on sale. I assume fractional sovereigns or any form of sovereign are legal tender and CGT free.
1 ounce Krugerrands are usually priced nearest to gold spot, hence their popularity and my go to preference. Im sure there are others. Similarly 1kg silver bullion often offers the best value I have found.
Yes. Unless they start trying to sell you graded Krugers ... (not sure if that is happening yet)
Whatever the offer is, always calculate the base value at spot prices. The answer is usually no thanks!
Are you liable for capital gains on Krugers? As they are not UK tender?
Yes.
Is it too late to start buying gold? I ama small investor looking to buy a bit here and there, whenever I have the money.
I think dollar or pound cost averaging is a good strategy
Have I got this right? If one is UK resident, wanting to buy (and at some stage) sell gold coins, then only sovereigns (or fractions thereof) are free of CGT. So if one ignores the sovereigns at premium of 100% and goes for fractional sovereigns at the 15 to 20% premium one needs to pay, on sale there is a good prospect of selling with the same premium to spot and no CGT. Where's the catch? There usually is one. Perhaps now fractional sovereigns are rarer which means the premium has gone up and may not be obtainable on sale. I assume fractional sovereigns or any form of sovereign are legal tender and CGT free.
Sovereigns, fractional sovereigns and Britannias are free from CGT. Buy these coins, and do not buy graded versions
This article is spot on ( sorry for the pun ) . I have learned the hard way ! Buyer beware !
Thank you. And sorry to hear that.
Dealers in the U.S. do this too.
Numismatics is a different domain from gold-stacking and is distracting to those interested in saving and preserving wealth.
Indeed
K thanks: this is why I’m sticking to Glint. I dont have a clue what I’m doing with real bite-able gold sovereign!
Fair enough