4 ms·

Here in Greece when people want go they'll go to a bank and buy British gold pounds (https://en.wikipedia.org/wiki/Sovereign_(British_coin) https://en.wikipedia

Here in Greece when people want go they'll go to a bank and buy British gold pounds (https://en.wikipedia.org/wiki/Sovereign_(British_coin) https://en.wikipedia.org/wiki/Sovereign_(British_coin)). I'm not sure there's a limit; you can buy as many as you want.

Symbiote 3y ago
In Britain they're called "gold sovereigns", though I've never heard of anyone owning one — only from references in James Bond films and so on. I wasn't aware the nominal value was £1.
- nly 3y ago
  Lots of wealthy buy these by the tube. Being legal tender they are free of VAT and CGT on sale, which isn't true of investment grade gold biscuits.
  - rullelito 3y ago
    False, you pay CGT on investment gold in almost all countries.
    - pjc50 3y ago
      But not on UK gold, silver, and platinum coins in the UK. https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/ https://www.royalmint.com/gold-price/capital-gains-tax-on-in... ; mine have, to my surprise, done better than my stock portfolio and almost as well as my house as investments. (just don't buy new ones, you have to pay 20% VAT on those which is silly)
- pjc50 3y ago
  The Q suitcase with the 50 gold sovereigns from From Russia With Love, was it? Ironically the plot of Goldfinger relies on something which no longer exists: capital controls. The evil Auric Goldfinger was trying to circumvent British control of the export of money by hiding gold in car panels.
  - spiritplumber 3y ago
    There was a more recent Bond movie whose evil plot was about water rights... which had happened, legally, while the movie came out, I think.
    - monadology 3y ago
      The next Bond villain's evil plan will involve either local zoning law or capital repatriation taxes.
  - sneeze-slayer 3y ago
    When I watched Goldfinger as a kid I really did not understand the plot at all. It was only when I was a bit older and heard about some of these things did it actually make sense.
spapas82 3y ago
I found a bank web page (in english https://www.piraeusbank.gr/en/idiwtes/ependyseis/agora-polisi-xrisou https://www.piraeusbank.gr/en/idiwtes/ependyseis/agora-polis...) with more info about buying gold sovereigs. A gold sovereign is sold by the bank at 480 euros (https://www.piraeusbank.gr/en/Idiwtes/Epitokia-Deltia-Timon/Imerisio-Deltio-Timon-Synallagmatos-Trapezogrammation https://www.piraeusbank.gr/en/Idiwtes/Epitokia-Deltia-Timon/...) This is very popular here because gold sovereigns here in greece are traditionally given as presents from close relatives on very important moments like marriage, child birth etc (i.e when a child is born its grandparents will give a gold sovereign to its parents)

Symbiote 3y ago

In Britain they're called "gold sovereigns", though I've never heard of anyone owning one — only from references in James Bond films and so on. I wasn't aware the nominal value was £1.

nly 3y ago
Lots of wealthy buy these by the tube. Being legal tender they are free of VAT and CGT on sale, which isn't true of investment grade gold biscuits.
- rullelito 3y ago
  False, you pay CGT on investment gold in almost all countries.
  - pjc50 3y ago
    But not on UK gold, silver, and platinum coins in the UK. https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/ https://www.royalmint.com/gold-price/capital-gains-tax-on-in... ; mine have, to my surprise, done better than my stock portfolio and almost as well as my house as investments. (just don't buy new ones, you have to pay 20% VAT on those which is silly)
pjc50 3y ago
The Q suitcase with the 50 gold sovereigns from From Russia With Love, was it? Ironically the plot of Goldfinger relies on something which no longer exists: capital controls. The evil Auric Goldfinger was trying to circumvent British control of the export of money by hiding gold in car panels.
- spiritplumber 3y ago
  There was a more recent Bond movie whose evil plot was about water rights... which had happened, legally, while the movie came out, I think.
  - monadology 3y ago
    The next Bond villain's evil plan will involve either local zoning law or capital repatriation taxes.
- sneeze-slayer 3y ago
  When I watched Goldfinger as a kid I really did not understand the plot at all. It was only when I was a bit older and heard about some of these things did it actually make sense.

spapas82 3y ago

I found a bank web page (in english https://www.piraeusbank.gr/en/idiwtes/ependyseis/agora-polisi-xrisou https://www.piraeusbank.gr/en/idiwtes/ependyseis/agora-polis...) with more info about buying gold sovereigs. A gold sovereign is sold by the bank at 480 euros (https://www.piraeusbank.gr/en/Idiwtes/Epitokia-Deltia-Timon/Imerisio-Deltio-Timon-Synallagmatos-Trapezogrammation https://www.piraeusbank.gr/en/Idiwtes/Epitokia-Deltia-Timon/...) This is very popular here because gold sovereigns here in greece are traditionally given as presents from close relatives on very important moments like marriage, child birth etc (i.e when a child is born its grandparents will give a gold sovereign to its parents)