Re:Banks, gangsters and the strange resurgence of cash
by nly on Friday October 22, 2021 @06:22AM
(#28955481)
You don't need to be anonymous. Legal tender Gold coinage in the UK is free of capital gains tax, so even if the spot price goes up 1000% you still pay nothing to the tax man on sale.
For this reason alone lots of the extremely wealthy hold it as a hedge.
At volume the premium over spot is about ~6% even straight from the Royal Mint
For this reason alone lots of the extremely wealthy hold it as a hedge.
At volume the premium over spot is about ~6% even straight from the Royal Mint
Example: https://www.royalmint.com/invest/bullion/bullion-coins/gold-...