Gold predictions????

[4metals]

Just thinking about the forum format in general.

I agree completely, this thread was about gold price predictions in light of the American election. With the hope that a discussion about PM's and associated tax benefit would both yield decent information and be found in a search because the title pertains to the subject, I invite you to start a thread in the debates and discussions section.

 

[galenrog]

Perhaps a thread on PM's, and their associated tax benefits and rules/laws would be in order. Or do we continue here? Just thinking about the forum format in general.

Agreed. Perhaps separate threads for different nations, should interest be high enough. Start with US, UK, Canada.

 

[4metals]

I don't think my input in the new thread will be very useful, I studied chemistry, refined gold, but hired accountants! So this type of advice is above my. pay grade.

 

[Mike Low]

I will not get started on VAT and the problems between a logical interpretation and the accepted rulings concerning VAT Notice 701/21/ and Notice 701/21A. without suitable alcoholic lubrication.
In fact, it looks like those section of legislation have been republished since I last looked at them and made my enquiry.
So I will have to re-read them.
It turned out that the "Travel Industry" had similar thoughts and went to the trouble of conducting a VAT tribunal to try and argue their case.
They lost, and I have nowhere near the resources of the travel industry to employ the right people to argue my case.

I had to rush into Liverpool city centre many times with my hm customs cheque before they closed in customs house at 5.30 pm

I did feel like I worked for them collecting money owed and borrowing it for 3 months,
As I recall when I retired and closed my business I had to pay them 12k.

 

[Mike Low]

I am aware of this, we have brittania 1 Oz coins, face value of £10, a good friend of mine has been using his pension to buy this way.

He is buying them to pass on to the kids to lets say to the use this loophole, nice little rich man's law.
Has to be authorised denomination's , it's confusing.

I feel like minting my own coins

Brittania coins 1 Oz £2170 per coin
Spot gold £2075