3 ms·
I didn't downvote your comment but a lot of regular people do buy physical gold (coins & bars)[1] and store the precious metals in a safe. That said, I don't k
by jasode 6y ago
I didn't downvote your comment but a lot of regular people do buy physical gold (coins & bars)[1] and store the precious metals in a safe.
That said, I don't know how much the gold price is affected by gold ETF vs physical transactions.
[1] example of gold coins that are very popular with easy liquidity:
https://catalog.usmint.gov/coins/precious-metal-coins/gold/ https://catalog.usmint.gov/coins/precious-metal-coins/gold/
[2] example of liquidity via ebay sales: https://www.ebay.com/sch/i.html?_from=R40&_nkw=gold+eagle+coin+us+mint+%221oz%22&_sacat=0&rt=nc&LH_Sold=1&LH_Complete=1 https://www.ebay.com/sch/i.html?_from=R40&_nkw=gold+eagle+co...
- tomalpha 6y agoOne interesting advantage for UK buyers of gold coins specifically, is that if they're legal tender they're exempt from (Capital Gains) taxation[0]. Even if the gold content is worth significantly more than their face value, which is almost universally true. [0] https://www.royalmint.com/invest/bullion/discover-bullion/capital-gains-tax-on-investments/ https://www.royalmint.com/invest/bullion/discover-bullion/ca...
- alasdair_ 6y agoThis reminds me of the guy who paid his employees in silver dollars and paid taxes on the nominal value paid instead of the market price. He also ran a separate business that bought all the silver dollars back for the market price right next door. It all went well for him until he started a payroll company to do the same thing in multiple states.
- refurb 6y agoPotentially kooky website (many gold bug sites are), but it has some details for anyone interested. https://www.fff.org/2013/12/09/the-u-s-vs-robert-kahre-a-horrific-miscarriage-of-justice/ https://www.fff.org/2013/12/09/the-u-s-vs-robert-kahre-a-hor...