2 ms·
You don't need to be anonymous. Legal tender Gold coinage in the UK is free of capital gains tax, so even if the spot price goes up 1000% you still pay nothing
by nly 5y ago
You don't need to be anonymous. Legal tender Gold coinage in the UK is free of capital gains tax, so even if the spot price goes up 1000% you still pay nothing to the tax man on sale.
For this reason alone lots of the extremely wealthy hold it as a hedge.
At volume the premium over spot is about ~6% even straight from the Royal Mint
Example: https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/britannia-2022-1-oz-gold-bullion-ten-coin-tube/ https://www.royalmint.com/invest/bullion/bullion-coins/gold-...