Royal Mint Bullion Platinum bars

[MickB]

This week the Royal Mint started to sell Platinum bars but the range so far is limited to 500g & 1kg sizes.

It's possible they'll sell smaller sizes later as well as platinum coins on their bullion site.

https://www.royalmintbullion.com/Products/Platinum-Bars

[Ares]

Would be interested to pick something like this up in the future but not at those sizes!

Platinum Britannia plz . . . 

[Jay2]

Wow.. those are too big for Platinum, surely!

Also, is platinum exempt from CGT and all the same status gold enjoys?

[Ares]

Just now, Jay2 said:

Wow.. those are too big for Platinum, surely!

Also, is platinum exempt from CGT and all the same status gold enjoys?

My feeling is no, but I could be wrong!

[Jay2]

Turns out it's VAT free if you keep it in their vault, then sell it back to them from their vault. As soon as you request delivery on vaulted metals, they slap VAT on it. But their Platinum FAQ has no mention of CGT, etc.

https://articles.royalmintbullion.com/faqs/#platinum

EDIT:

Oh, interesting:

"Unlike coins, our RMR bars and Signature Gold™ are subject to UK capital gains tax. We recommend that you contact a tax expert for advice."  ~RM

[Ares]

Try to bribe me to never actually seeing what I'm paying for?

[Jester]

I do like seeing the government mints selling bars.  I had thought only the RCM was selling Silver bars (I've got a nice 10 oz Silver RCM bar) but the 'roo bars from Perth are also a welcome addition (although at a higher premium than you'd like to see with bars).

[Oldun]

On 2017年5月17日 at 22:52, Ares said:

Would be interested to pick something like this up in the future but not at those sizes!

Platinum Britannia plz . . . 

Coming.

[Vacendak]

Isn't there a Queen Beast Lion coming in platinum? 1 oz. not a 2 oz.

Must have picked that somewhere in one of those email from the Royal Mint.

 

[Ares]

4 hours ago, Oldun said:

Coming.

Perfect!

[MickB]

11 hours ago, Vacendak said:

Isn't there a Queen Beast Lion coming in platinum? 1 oz. not a 2 oz.

Must have picked that somewhere in one of those email from the Royal Mint.

 

@Silverhunter posted an image of the platinum Queens beast lion on the; 'Platinum - Who's buying?' thread.

[Vacendak]

@MickB... and that is where I read about it.

 

[SilverTanner]

I wish they would do 1/10oz versions of platinum and gold Queens Beasts!

Proof versions in 1/10oz and it will be very difficult not to keep funds ring-fenced for the old numismatic stuff I usually go for? At the moment the toss up is between the 1/4oz and something from the 1800's and the latter is still winning!

As the RM do 1/10oz Britannia's and lunars it seems to be a huge missed opportunity as most other coins have 1/10oz versions (maybe the design just doesn't work for the smaller size?)