protestors holding up ordinary people

[transam]

The IDF have shot a Syrian protestor as they move beyond the declared 'buffer zone' in the Golan region. Another day, another war crime in the life of Netanyahu's storm troopers.

Suspected terrorist ? Although the Arab world ? Generally refer to em as Martyrs

Yes exactly

Fruit cakes

 

[motorbiking]

Would those upholding the idea of charging IHT on handed down family farms also object to this?

"Nigel Farage has been working as a paid brand ambassador for a gold bullion firm in a third job alongside his roles as an MP and a GB News presenter"

"Farage argued during the podcast that gold was a good investment because there was no capital gains tax and people could put it in their pension pots"

I didn’t know that is it true? He sounds like a smart chap if it is.

 

[JohnD]

I didn’t know that is it true?

Capital gains tax is due on gold bullion bars, but not on valid gold coin (e.g. sovereigns). VAT is not due.

However the retail markup is larger than for most conventional investments.

It has ongoing storage and insurance costs

Gold has had long periods of price stagnation and price falls.

It is a store of value, not an investment.

If yours was stored in a vault, and Putin triggered a nuclear war, you would not be able to get your hands on it.

If you think the price of gold is going up faster than inflation, and faster than other investments (you may be mistaken) you can buy shares in gold mining companies. Their profits rise when the price is greater than the cost of extraction and refining, and disappear when it is not.

He sounds like a smart chap

Farage was paid to act as a shill for the gold trade. Can I interest you in a monorail?

 

[ellal]

I didn’t know that is it true?

It is if it is in 'coins of the realm'...

Based on way back when that 'I promise to pay the bearer' on bank notes was effectively made null and void when the gold standard system was dropped...

 

[ellal]

Gold has had long periods of price stagnation and price falls.

And yet Gold has for a long time been outstripping many other investments over the medium/long term...

But as always it's a case of don't keep all your eggs in one basket

But the question was is it ok to not tax Gold when family land is going to be taxed?

 

[JohnD]

And yet Gold has for a long time been outstripping many other investments over the medium/long term...

But as always it's a case of don't keep all your eggs in one basket

But the question was is it ok to not tax Gold when family land is going to be taxed?

Gold is subject to inheritance tax, once you pass your tax free allowance

So are money, shares, houses, yachts and land

But there are various exemptions and handouts available to some

 

[JohnD]

And yet Gold has for a long time been outstripping many other investments over the medium/long term...

So have cocoa beans.

And over other periods, not.

It is not an investment, it is a store of value.

What dates do you have in mind?

How about 1/1/1980 to 1/1/2000?

Or 1/1/2013 to 1/1/2023?

 

[ellal]

What dates do you have in mind?

How about 1/1/1980 to 1/1/2000?

Or 1/1/2013 to 1/1/2023?

So you have picked the short term dates...

I think you'll find the general trend is upwards

 

[JohnD]

So you have picked the short term dates...

I think you'll find the general trend is upwards

Twenty years is not short.

You have chosen to show dollar chart. How long have you lived in US?

Your graph shows quite good performance from 2006, followed by a bad spell from 2013.

And preceeded by a longer lacklustre run.

If you had bought 1/1/1980 you would have had many years of regret, and fallen way behind inflation.

When did you buy?

What will it do in the next 20 years?

Nobody knows.

Some low-cost trackers are a better bet for the ordinary man's life savings.

 

[ellal]

Twenty years is not short.

You have chosen to show dollar chart. How long have you lived in US?

Gold internationally is recognised as being priced in dollars...

As is oil...

And if you read again I said medium/long term not short term...

Would you consider a pension plan to be a short term investment?

When did you buy?

Around 2003, and again around 2008, and also just before brexit vote...

Hedge your bets...

I'm not complaining

 

[motorbiking]

If the "ordinary man" walks in to a high street bank and sits down with the "investment manager" he will be asked some questions about appetite to risk and irrelevant to the answers he will be advised to buy [insert bank's name] unit trust with 2% transfer in fee, 2% p/a fee and maybe an exit fee. The unit trust will be made up of trackers, globals and commodities, like gold.

Or he can buy some trackers in the same, for tiny fees, by comparison.

Yachts return about 15% when chartered net of costs before capital and unlike houses there is no register of sale price. They do not usually appreciate like houses, however. You will find many business people own "unprofitable" yacht charters.