What method are you using to stack precious metals?

[Roy]

 Anonymous poll.

Edited May 1 by Roy

[Bratnia]

Multiple options can be selected.

Basically on a physical gold forum the majority will obviously vote 'physical', so more a question of what other forms of gold may also be held. Ask the same in a Bullionvault forum and the majority will indicate that, also perhaps with some other forms.

[Roy]

Yes, but...

If I had asked this question 10 years ago, the poll result would have been much different. Simpler.

What we can see now is that folk have greater choice in how they accumulate precious metals, or derivatives.

Digital gold is fairly new and mining stocks/ETFs are a lot easier to buy than before. (Trading212/Robin Hood etc.)

The fact that only 67% stack physical is interesting.

😊

[Roy]

Wait...

23 people have voted, and 23 people have chosen physical...so everyone stacks physical!

[MickB]

I usually put one on top of the other when stacking😁

[Roy]

Legend has it, @James32 does too:

 

 

[Britannia47]

Don’t see the point of stacking Silver……😁!

 

[SidS]

On 02/05/2024 at 05:25, Roy said:

Legend has it, @James32 does too:

 

 

Stack them, cement them and paint them white and no one would know. 😁

Edited May 5 by SidS

[Darr3nG]

1 hour ago, SidS said:

Stack them, cement them and paint them white and no one would know. 😁

Gonna start sigma testing the walls now  

[Bratnia]

Britannia's, exempt from capital gains tax in the UK, stack of 10 at a time and you might typically buy at a spot+2.5% price level provided you hunt around. Sell back 10+ and you may get spot. Bullionvaults pricing is much like a £300/year fee, 0.1% cost (actually presented as 0.5% on the first 75K value you trade in a single year, 0.1% thereafter (0.05% once you hit 875K+)).

Initial 50/50 of both costs around spot + 1.3%

If the price of gold goes down, sell some of Bullionvault gold, buy more Britannia's ... you have a bookable capital loss in that year that you can use to offset capital gains in other assets such as stocks.

If gold does up, sell some Britannia's, buy more Bullionvault gold, so paid a higher price for the taxable gold that may subsequently see prices decline to where you can sell/book a tax loss.

The tax savings that may provide could offset the costs/spreads, as though you'd bought/sold gold with no overheads/spreads. As well as diversifying your gold, with Bullionvault for instance you can buy/sell at any time of the day/night.

The 0.12%/year fee Bullionvault levy for vaulting/insurance is very competitive, but does mean a 40K minimum deposit (otherwise the 4/month cost, 48/year would be a higher percentage value for smaller holdings). But if you were down at levels where that mattered you'd probably not be bothered with tax-harvesting strategies anyway.