Thoughts on Premium Bonds
- Thread starter William_Montgomery
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I won another £250Himself won £600 !
Now - idea - if only they had a gold backed premium bond.... I'd buy a few
Pretty sure if you Google " Browns Bottom " you'll either get an interesting financial story of where our gold went or.. something far more visually interesting
I'm not sure if its actually ours or we are holding for other nations.
If there is concern over the last official audit of Fort Knox I do wonder how much of our own holdings are actually ours.
The £22bn cost to Britain of Gordon Brown's gold sell-off
The soaring price of gold has made former chancellor Gordon Brown's (pictured) decision to sell off 395 tonnes of Britain's reserves even more costly.
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I appreciate this isn't bushcrafty at all but I do respect the sum total of the BCUK hive mind perspective on things.
So we have spoken about Gold and its potential place in the market place for different reasons.
But what about its crazy little brother ??? Silver....
Do people see merit in it? touted to be important for everything from Medical applications , to Solar array , Electrical vehicles and now.. A.I..
So what are peoples take on it? What do you think of the GSR and where it is ?
So we have spoken about Gold and its potential place in the market place for different reasons.
But what about its crazy little brother ??? Silver....
Do people see merit in it? touted to be important for everything from Medical applications , to Solar array , Electrical vehicles and now.. A.I..
So what are peoples take on it? What do you think of the GSR and where it is ?
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I dont know.
I like silver, as jewellery; its affordable and being a neutral colour, it goes with everything.
But there seems to be tons (literally) of silverware on the market at metal prices. It has no aesthetic value.
(I think many of you saw my chain at the Wintermoot, didnt you?)
I heard the price was low because the photographic industry (historically a big user) no longer needs silver.
I like silver, as jewellery; its affordable and being a neutral colour, it goes with everything.
But there seems to be tons (literally) of silverware on the market at metal prices. It has no aesthetic value.
(I think many of you saw my chain at the Wintermoot, didnt you?)
I heard the price was low because the photographic industry (historically a big user) no longer needs silver.
Like Gold, it's a good hedge against currency money over the long term. The problem with physical Silver in the UK is we now pay vat on silver since brexit.
Sharp spikes in the GSR often preceed a top in the Gold price. I haven't really been tracking the Silver price. I do keep track of the Gold price and am currently long Gold by a 3x leveraged fund which I think I wil close if we see another spike above the current high.
Sharp spikes in the GSR often preceed a top in the Gold price. I haven't really been tracking the Silver price. I do keep track of the Gold price and am currently long Gold by a 3x leveraged fund which I think I wil close if we see another spike above the current high.
You sure on Silver??
Silver Bullion Coins | The Royal Mint
Buy silver coins for your investment portfolio. Bring home over 1,100 years of history when you purchase from the world’s leading export mint.
www.royalmint.com
"All silver bullion coins sold by The Royal Mint are exempt from Capital Gains Tax for UK residents and are available for free UK delivery. Silver bullion coins are available in two alloys: 999 fine silver and 999.9 fine silver (available across The Queen’s Beasts range). We have three sizes of silver bullion coin available, which include one ounce editions, two-ounce editions and ten-ounce editions – the largest silver bullion coins available from The Royal Mint."
Yes, bullion coins exempt from CGT but not exempt from VAT.You sure on Silver??
Silver Bullion Coins | The Royal Mint
Buy silver coins for your investment portfolio. Bring home over 1,100 years of history when you purchase from the world’s leading export mint.
"All silver bullion coins sold by The Royal Mint are exempt from Capital Gains Tax for UK residents and are available for free UK delivery. Silver bullion coins are available in two alloys: 999 fine silver and 999.9 fine silver (available across The Queen’s Beasts range). We have three sizes of silver bullion coin available, which include one ounce editions, two-ounce editions and ten-ounce editions – the largest silver bullion coins available from The Royal Mint."
Well, Second hand silver CAN be exempt from VAT as it's already had VAT paid on it once, but you have to check the dealer as it's a scheme that needs to be signed up to to sell VAT exempt, second hand silver. I'm not hugely up on it but Hatton Garden, for example, who sell used silver, are not signed up to said scheme and so you pay VAT on top of the s/h silver.
Gold for wealth building, Silver for barter/purchasing goods.
I think Silver is undervalued waiting to bust out and if you don;t have any it'll be priced out of your hands.
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I would have thought more Gold for wealth preservation as opposed to building.
IF silver is undervalued - for industrial use - then I would see that a potential for growth - but I've been saying and thinking that for a decade or more.
The Gold / Silver /Ratio is an interesting thing - IF Gold increases in value , and IF its used as part of some sort of backing for currency - be that Brics or an American Hybrid the demand for Gold has to increase and surely with that the lock step value of Silver I would imagine have to increase to a level of proportional parity.
I have a silver charm bracelet. My Aunt bought me the bracelet chain when I was seven, and my Great Aunt bought me my first charm.
I've collected them ever since, preferably moving, opening ones, and now the bracelet is too heavy to wear. Son 1 said I could cheerfully brain someone with it
In the last five years though, the price of my silver charms has doubled.
Little things, but indicative of the price rise in silver. A charm that used to cost me maybe £14 is now nearly thirty.
Yet we keep mining silver, and gold.
Makes you wonder. We can't take it with us, iimmc ??
You know what keeps it's value ?
Land.
I know someone who is buying up wee patches of land all over the county. He now owns eighty wee plots.
Says he hasn't lost out buying and selling one yet. Old substations, small redundant factory sites, odd field corners, wee car parks. He's happily buying them all.
I think his taxes and his rates must warrant an accountant all to himself, but I see his point about the value.
M
I've collected them ever since, preferably moving, opening ones, and now the bracelet is too heavy to wear. Son 1 said I could cheerfully brain someone with it
In the last five years though, the price of my silver charms has doubled.
Little things, but indicative of the price rise in silver. A charm that used to cost me maybe £14 is now nearly thirty.
Yet we keep mining silver, and gold.
Makes you wonder. We can't take it with us, iimmc ??
You know what keeps it's value ?
Land.
I know someone who is buying up wee patches of land all over the county. He now owns eighty wee plots.
Says he hasn't lost out buying and selling one yet. Old substations, small redundant factory sites, odd field corners, wee car parks. He's happily buying them all.
I think his taxes and his rates must warrant an accountant all to himself, but I see his point about the value.
M
