A £1000 tax free ‘Trading Allowance’ (along with another £1000 allowance for rental income) was introduced April ‘17. If you keep your trading below £1000, not only is it tax free but you’re not required to declare it either 😉
If you thought the EU was an undemocratic mess, have a listen to the stories of serving UKIP MEP's. Turns out the EU is a top down dictatorship with MEP's there at the bottom to give it the facade of democratic process. Glad we are getting out.
With the huge ridiculous 2000 oz group order landing in the not too distant future I wanted to give an update about future group orders between now and Christmas.
Also, we have an exclusive discount code to use with European Mint for 50% off shipping, continue reading to find out more!
First - The future of the Group orders for 2018
This latest order is nearly 2000 oz's. It takes a lot of time to organise, process and arrange. Not to mention take delivery and package to everyone involved. When I say Mrs BYB and I are somewhat quaking in our boots at the anticipation of the work ahead of us these next two weeks it is not an understatement - putting it bluntly we are bricking it!
We have also got a lot on in our personal and professional lives right now and as such we are going to have a breather from group orders - not a long one, but we need a break.
Our plan is to run only one more group order between now and Christmas.
We are going to open a 4 weekend long group order starting on 27th & 28th October and finishing on 17th & 18th November. The plan is that we can get things done and delivered in the first week of December. This will be the last group order of 2018.
We are planning to use BOTH Goldsilver.be AND The European Mint. We know there is still demand for using GS.be because of the range of coins they have to offer. However it would be unwise to ignore the competitive prices available from the European Mint. More information on how this order will work will follow in due course.
In the meantime, consider yourself warned about the next group order!
EXCLUSIVE DISCOUNT CODE FROM THE EUROPEAN MINT!!!!
So, that leaves a fair old gap between now and the next order. You might be wondering how you are going to buy your cheap silver without the BYB's to help!
Well you still can. I have arranged an exclusive discount code with The European Mint for 50% off your ***shipping costs*** for any order of any size. This code is exclusive for Silver Forum members and as such I am not advertising this code on YouTube, just here.
******Please note that the 50% discount only applies to the base cost of shipping, you are still liable for the "VAT" or tax on the shipping costs.
This code is valid immediately and will be valid until 21st October 2018.
To take advantage of this offer use the following code:
You will need to add your code AFTER you have selected your shipping options for it to apply - like so:
In aid of full transparency - I (BYB) do NOT collect any commission from the use of this code, it is simply something I have negotiated on the silver forum's behalf.
This code can be used more than once and there is no minimum or maximum order required to use it.
This shipping discount, combined with the cheaper unit prices per coin (for some coins) will actually make using EU mint cheaper than GS.be for most of your basic bullion coins, including the Queen's beast series.
A massive thank you to The European Mint for offering this discount code, they did not have to do this and it shows how much they value our business!
If you have any questions or would like to add anything please feel free to ask here or drop me a PM.
Thank you all and enjoy your shipping discount!
Here is an example using this website: https://www.measuringworth.com
in 1980 1 oz of gold bought for £250
£250 in 1980 had a buying power between £859 - £1960 (depending on how you measure it).
But the simple calculator number says just over £1000
So if you bought your gold in 1980 on paper you have made £700 profit, but really in buying power terms you have made maybe £100 profit.
The longer you hold the better it gets for preservation of wealth.
£425 (Tax Free up to £7500 per annum) per month around here; you’re wife must have a lot of bad 😱. 😂.
Seriously though, I always have lodgers (I’m hardly ever there, so they don’t tend to annoy me too much). I will only let to ‘Monday to Friday’ guests now - no dramas, cleaner, kinder on the bills, and they pay nearly as much as full time lodgers. I’ve got 2 at the moment @£350 per month each (won’t hit the £7500 limit due to the odd void), and you’d hardly know that they are there - turn up Monday evening lateish, out early and back late each day, leave early Friday morning, go to work the off home for the weekend.
Sorry to be a buzzkill but i come to this forum to learn about coins, lean on much more experienced members for advice and possibly pick up some gold bargains. I dont come to listen to nonsensical flat earth arguments. Right rant over, please can we get back on topic now.