/biz/ - Business & Finance

>>21252638
You got one thing wrong, but it's fine. So let me explain how it works in the UK and why "Britannia" is a standard investment unit here, and not the low premium bars.
In the UK buying gold is tax free, you just pay for the metal and whatever premium it currently holds due to many reasons. Silver has VAT tax, but you can just buy from people who got if from Estonia (tax free) for much cheaper. They usually sell a lot of it, moving metal from one country to another. Yes, it's legal... for some reason...

Anyway, so the Britannias, right? They are "Legal Tender" in the UK, they have a face value and you can pay with them technically speaking (tho the metal price is much higher than the face value). This has two benefits:
1. It's very fucking illegal to fake them, you go to jail like you've been printing money. Nobody would ever risk selling a fake Britannia.
2. Since it is a Legal Tender IT'S CAPITAL GAINS TAX FREE WOOOOO
You can buy a million Pounds worth of Gold in Britannias, pay a very small premium on a coin and then sell it later. You can keep every penny of a profit you've just made and the Tax Office can suck a fat dick. The capital gains tax simply doesn't apply to all of the Britannia Coins.

That is why if you're a Brit, you only buy Britanias, and that's why they're so expensive right now. We're actually running out of 2020 mintage slowly.

>>21148575
Oriental Border is my fav, could already sell her for a nice premium and it wasn't even a year since I got it.