Hi everyone it's mrbullionhunter here and today I will be talking about an important matter.
I was looking on Atkinsons bullion website which they are based in the UK as I am, which saw this on their website.
A new Royal Mint Britannia 1g gold bar
Now I thought that it might be worth it with the price at £95.31 but as you and me quite know that price can and always changes constantly.
As II scroll down on there website that I didn't notice there is NO CGT exemptions (Correct me if I am wrong). Now if any NON-UK citizens don't know what CGT means, It means Capital Gains Tax should as, if you buy something and sell it and make a profit sadly you are liable for paying Tax on it.
However if you are a UK citizen like me and you have these coins such as Britannia, Sovereign, Queen's Beasts, Tudor Beasts & etc which is made the Royal Mint, your are Capital Gains Tax exempt which means that you can gain MAX Profit in return.
Going down the line that I do have a few amount of gold which includes the Goldbacks which you have seen in my previous blog (and for the people that has not seen it I will leave the link for you to see it & loads of amount of Silver which I will show and discuss with you in the near future.
@mrbullionhunter/is-goldback-worth-the-money-d81
Now if we go back to the main question that WHY didn't I buy gold many years ago?
Now that's the main question because for instance
- I was unaware about gold at the time
- I bought Piedfort coins (which I will show you very soon).
- I was constantly kept buying Silver on the cheap
If I knew about Gold earlier let's say 20 years ago could it make a difference?
Now let's look at it at this way. So far at this point I have 0.7oz Gold Britannia which is 7x 1/10oz which together was overall £1,502.29.
(NOTE: I have 7 NOT 5 because I forgot to take a picture of all 7 coins)
So let's scroll back 20 years ago with the spending money at £1,502.29 with the date being the 5th June 2005. The price per OZ in Gold is according to Google AI is £260.08
So that means that even with that money I would have bought 5oz of Gold Britannia and forward that to today's price of Gold which is currently stands at £2,470.34 I would have been better off by over nearly over £11,000.
So that means overall I have regretted not realising this 20 years earlier.
ALSO FOR ONE MORE THING I AM NOT A FINANCIAL ADVISOR AS THIS BASED ON MY OWN VIEW.
Mr.Bullionhunter