Gold (or silver) is real money. All else is promises.
Fri 8:23 am +01:00, 20 Sep 2024Gold sovereigns hold their value over centuries. Become a stacker.
Will governments steal your gold as they have in the past? (compulsory sale at low price)
People will accept a gold sovereign as payment anywhere in the world.
In the UK a gold sovereign is legal tender. No CGT. No VAT on it.
Don’t keep your gold in any bank. Independent lock-ups exist.
Break-ins can happen. Insurance can cover that risk.
For ‘when the balloon goes up’. Godfrey Bloom hopes he is wrong to anticipate a crash in the financial system.
Silver Britannias are taxed with VAT. Why? No CGT.
No VAT if you don’t take delivery. Storage is expensive and silver is harder to sell.
Gold is much easier to sell. Coins. Sovereigns or Britannias and half sovereigns.
Is gold too valuable to be useable shopping day to day?
Silver undervalued. Silver could rise a lot historically. (used to be 15:1 with gold, today 80:1)
Lots of details. www.godfreybloom.uk
