Gold as a strategic asset for UK investors

[Clive]

...

[gizmo_rat]

Those crazy goldbugs at the gold council are suggesting a 2.5 to 9.5 percent gold allocation, it's naked self interest gone mad.

[dualstow]

Those crazy goldbugs at the gold council are suggesting a 2.5 to 9.5 percent gold allocation, it's naked self interest gone mad.

hahaha!

[WildAboutHarry]

Gains on gold coins are not taxable in the UK, right?

[gizmo_rat]

^ Sovereigns and Britannias are legal tender, so exempt from any capital gains tax.
Other gold coins are subject to capital gains tax at 18 / 28 %.

I only know because Clive told me, it's not widely publicised. Even a coin dealer told me that Krugerrands were the investment coin of choice.

[WildAboutHarry]

Thanks for the information, Clive.

I wonder if there are any court cases/IRS rulings on using gold or silver US coins to make direct purchases sans capital gains.  In other words, could you price a $20 item as:  "I'll take two pre-1965 half dollars or a $20 federal reserve note".

Probably not.

[MachineGhost]

Thanks for the information, Clive.

I wonder if there are any court cases/IRS rulings on using gold or silver US coins to make direct purchases sans capital gains.  In other words, could you price a $20 item as:  "I'll take two pre-1965 half dollars or a $20 federal reserve note".

Probably not.

Its possible you could do a 1031 exchange with gold coins.  Like property for like property exchanges have no capital gains.