FAO John Banks
14 January 2008, 07:36 PM
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Here it is, to save you looking:
I don't think you've missed it any more than I have. The delay for me (I wanted to invest in November) has been working out what form to buy it in.
Goldmoney looked good but after I signed up it needed complex ID verification which was a PITA. Physical gold is a pain with transport, assays, insurance, dealing costs etc.
In the end I opened a trading account with selftrade. The fee is £12.50 per trade. It takes a few days to get your passwords back when you firts sign up for selftrade.
ETFS is a company that sells exchange traded funds. There are better definitions of ETF through google than I could give you. Barclays ishares are another. They have no stamp duty, and the bid-offer spreads are very tight. I am looking at PHGP (gold in sterling) and PHAG (silver in dollars). You just deposit money from your switch card and then can live trade. The gains are subject to capital gains tax.
If you have secure storage, then gold sovereigns (because they are sterling) should not be susceptible to CGT.
I don't think you've missed it any more than I have. The delay for me (I wanted to invest in November) has been working out what form to buy it in.
Goldmoney looked good but after I signed up it needed complex ID verification which was a PITA. Physical gold is a pain with transport, assays, insurance, dealing costs etc.
In the end I opened a trading account with selftrade. The fee is £12.50 per trade. It takes a few days to get your passwords back when you firts sign up for selftrade.
ETFS is a company that sells exchange traded funds. There are better definitions of ETF through google than I could give you. Barclays ishares are another. They have no stamp duty, and the bid-offer spreads are very tight. I am looking at PHGP (gold in sterling) and PHAG (silver in dollars). You just deposit money from your switch card and then can live trade. The gains are subject to capital gains tax.
If you have secure storage, then gold sovereigns (because they are sterling) should not be susceptible to CGT.
14 January 2008, 10:01 PM
#6
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Here it is, to save you looking:
I don't think you've missed it any more than I have. The delay for me (I wanted to invest in November) has been working out what form to buy it in.
Goldmoney looked good but after I signed up it needed complex ID verification which was a PITA. Physical gold is a pain with transport, assays, insurance, dealing costs etc.
In the end I opened a trading account with selftrade. The fee is £12.50 per trade. It takes a few days to get your passwords back when you firts sign up for selftrade.
ETFS is a company that sells exchange traded funds. There are better definitions of ETF through google than I could give you. Barclays ishares are another. They have no stamp duty, and the bid-offer spreads are very tight. I am looking at PHGP (gold in sterling) and PHAG (silver in dollars). You just deposit money from your switch card and then can live trade. The gains are subject to capital gains tax.
If you have secure storage, then gold sovereigns (because they are sterling) should not be susceptible to CGT.
I don't think you've missed it any more than I have. The delay for me (I wanted to invest in November) has been working out what form to buy it in.
Goldmoney looked good but after I signed up it needed complex ID verification which was a PITA. Physical gold is a pain with transport, assays, insurance, dealing costs etc.
In the end I opened a trading account with selftrade. The fee is £12.50 per trade. It takes a few days to get your passwords back when you firts sign up for selftrade.
ETFS is a company that sells exchange traded funds. There are better definitions of ETF through google than I could give you. Barclays ishares are another. They have no stamp duty, and the bid-offer spreads are very tight. I am looking at PHGP (gold in sterling) and PHAG (silver in dollars). You just deposit money from your switch card and then can live trade. The gains are subject to capital gains tax.
If you have secure storage, then gold sovereigns (because they are sterling) should not be susceptible to CGT.
Thanks John. Did you figure out what the spread was like on Sovereigns?
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