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Skirmish

Ftb - No Not A House............. But Gold!

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Hello everyone. I hope someone can help me out. Unlike our Dear Great Leader I ACTUALLY HAVE been prudent and ammassed savings of about 35K deposited in various bank accounts. The last thing I want though is those savings to start losing value which is why I'm considering other forms of investment. Can anyone advise which is the best way to actually buy gold and also places where I can buy it. I think I'd rather actually have physical possession of what I own. Any tax implications or maximum amounts that I can buy?

All advice gratefully received. Thanks.

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Hello Skirmish. My experience is limited on this subject but I used atsbullion.com back in April last year. Phoned them up, got a quote for 5k worth of 1oz kruggerands and gave them debit card details to ship them to me. Came through about a week later. No problems & nice polite gentleman on the phone. The reason 5k = they required no details or ID & don't ask questions at that amount or less. 5k per trade or 10k per year I believe as the website describes.

I don't know if they have kruggerands now of course due to recent demand. But you are supposed to pay CGT when you sell kruggerands but not on british sovereigns I believe.

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you can get them from chards.co.uk but theres a 4 month waiting list.

when i first started they had them in stock. i guess its the 'rush'.

you missed out on some fantastic returns. but theres more to come.

however, dont get too excited or over excited like me.

if you have 35k id drop at least 5k into them.

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however, dont get too excited or over excited like me.

I second that - buy a core position now and then add regularly over the coming months/years at the same time month in, month out. It'll go up and it'll go down, probably violently at times. I like many others believe it's going up significantly over the coming years.

I've bought all the gold/silver and related stocks I require over the last 4 years. I've 3 months pay worth of cash to cover any emergencies, so all spare cash is paying down my only debt - the mortgage.

Regards,

crude.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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