4 ms·
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
by 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 agoLots 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 agoFalse, you pay CGT on investment gold in almost all countries.
- pjc50 3y agoBut 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 agoThe 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 agoThere 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 agoThe next Bond villain's evil plan will involve either local zoning law or capital repatriation taxes.
- sneeze-slayer 3y agoWhen 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.