BackyardBullion

The thing that annoys me is that despite having direct contact with the mint Press office they are not going to put any formal communication out via their newsletter or on the product listings to say that the series is paused.
All they will tell me is that it is under review and when a decision is made they will communicate it. 

The thing that annoys me is that despite having direct contact with the mint Press office they are not going to put any formal communication out via their newsletter or on the product listings to say that the series is paused.
All they will tell me is that it is under review and when a decision is made they will communicate it. 

The thing that annoys me is that despite having direct contact with the mint Press office they are not going to put any formal communication out via their newsletter or on the product listings to say that the series is paused.
All they will tell me is that it is under review and when a decision is made they will communicate it. 

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 
Thats assuming you make that much profit per bar.
Its the profit on the capital not the total value that makes a difference. 
If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.
If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 
Thats assuming you make that much profit per bar.
Its the profit on the capital not the total value that makes a difference. 
If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.
If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 
Thats assuming you make that much profit per bar.
Its the profit on the capital not the total value that makes a difference. 
If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.
If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

I mean, honestly. This is just so bloody bad.
These coins you can literally buy by the kilo. They need 100 for this collection.
They couldn't find a better picture?

Interesting price comparison for dealers
Royal Mint really not coming off well at all!

I mean, honestly. This is just so bloody bad.
These coins you can literally buy by the kilo. They need 100 for this collection.
They couldn't find a better picture?

You would think so, but hey, it still happened.

Did a little price comparison this morning, these are my findnings based off £1800 spot price

Really?
I chose 6 companies that I have personally bought from. I chose only 6 because I didnt want to sit there for days colating the data. 
This is not a definitive list, deal with it.

WOW
The Royal Mint don't learn.
They are really taking the biscuit with this set
https://www.royalmint.com/shop/coin-sets/Britannia-Through-the-Ages-Nine-Coin-Set/
£750!!!
I have *very gernerously* totted up the consituant parts and have come to a total of £120
Shocking. 

Really?
I chose 6 companies that I have personally bought from. I chose only 6 because I didnt want to sit there for days colating the data. 
This is not a definitive list, deal with it.

Really?
I chose 6 companies that I have personally bought from. I chose only 6 because I didnt want to sit there for days colating the data. 
This is not a definitive list, deal with it.

Really?
I chose 6 companies that I have personally bought from. I chose only 6 because I didnt want to sit there for days colating the data. 
This is not a definitive list, deal with it.

Really?
I chose 6 companies that I have personally bought from. I chose only 6 because I didnt want to sit there for days colating the data. 
This is not a definitive list, deal with it.

I mean, honestly. This is just so bloody bad.
These coins you can literally buy by the kilo. They need 100 for this collection.
They couldn't find a better picture?

I mean, honestly. This is just so bloody bad.
These coins you can literally buy by the kilo. They need 100 for this collection.
They couldn't find a better picture?

WOW
The Royal Mint don't learn.
They are really taking the biscuit with this set
https://www.royalmint.com/shop/coin-sets/Britannia-Through-the-Ages-Nine-Coin-Set/
£750!!!
I have *very gernerously* totted up the consituant parts and have come to a total of £120
Shocking. 

Did a little price comparison this morning, these are my findnings based off £1800 spot price

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 
Thats assuming you make that much profit per bar.
Its the profit on the capital not the total value that makes a difference. 
If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.
If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

I have never heard of UK bullion. I will include them next time. 
When/if you watch my video later you will understand why I used these 6 companies. 
But, shouting at somone on the internet is the best course of action of course. 

Is this the same BYB that occasionally posts in the NBS? Be the flower not the thorns 🤗