Why I’ve stopped buying Gold Bars!
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- Опубликовано: 18 дек 2022
- This is why I no longer buy Gold Bars!
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I am not a financial adviser.
#Preciousmetals #Gold #silver 
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don't have to report capital gains tax if you get paid cash for your gold bars , who would know
Very true this! 🔥
@@FutureInvestmentsBullion It is foolish to make videos on the matter and out yourself. Either way, you must report.
It is also foolish that we pay tax to incompetent government politicians and bureaucrats who fail miserably at managing the fruits of our labour. Who is the greater fool, the fool or the fool who follows.
Stop filing your capital gains. Easy Peasy
Where would you even get then in cash?
They already suck the life out of you in every conceivable way #TaxThemTillSoar
They cant tax what they dont know about.
Hence the move to a cashless society; the world governments want everything digital so they can track everything we do
Holy shit capitol gains tax??? When tf did we let the government get this powerful
A long time ago
Since we wanted to live in a society with infrastructures that need funding?
@@OncleJerYes the government who instead of fixing potholes in my road, gives it to Ukraine or Nancy Pelosi.
@@burningcoal5705you mentioned one country why’d you leave out the other?
@@FutureInvestmentsBullionYour ancestors could’ve joined us against King George III. Just sayin’.
Here in Finland is easier to sell gold bars than coins. I mean, If you really need money and you need it fast, you go to jewelery store, and not all shops accepts coins, but all accept bars.
Oh that’s very interesting! Thanks for watching Henkrik!
I would have thought jewellery stores would mainly look at the weight of the gold regardless of the shape..
jewelry stores charges too much fees
I would not sell gold at a jewelry store 😬 you will not get the best price, you'd probably get paid more selling to a pawn shop
@@lilman10te I have gold amounting to 28kg I got it from West Africa ,but currently I'm in Uganda due to wars in the west ,I want to sell it but here market is not good ,I sell each kg $38000
I bought all my gold bars and coins for cash 100% anonymously and I sell them for cash. NOBODY even knows I own them, how much I paid, nor that I have sold them......tell me how someone knows how much capital gains tax I owe!!!!
Very wise. Spoken like a true pro.
When a consumer sells a reportable quantity of specific bullion or coins, precious metals dealers are required to file Form 1099-B with the IRS.
@@ibberman EXTREMELY EASY to avoid any 1099-B form, just sell less than $10,000/day
@@ibbermanAgain, which is why you ALWAYS limit these transactions to being less than $10K. Your point is accurate, but by neglecting to mention the $10K threshold, you’re doing others a disservice.
Cash from where? Where in the uk can I get for cash
In Saudi Arabia, gold coins got taxes on them, the bars don’t
No way! That’s very interesting.‘I had no idea about that.
@@FutureInvestmentsBullion that means golden bars are much cheaper and better
@@Iseeyoubutyoucantseemelol its opposite in uk😂
In Germany its the same
Good job you're wearing them gloves for that plastic
🤣👍🏻
Collectors that wear gloves to handle bullion 😂
The mint machines tossing them around like pinballs. We’re melting them all eventually I never use gloves
They do scratch bad 😭
@@TheNewForestDetectorist as long as it gouges instead of chipping off idc
Gotta protect that premium
I’m pretty sure there’s no capital gains tax or vat on gold. Only silver. Never sell it anyway! Only use it to take a loan out against. They can’t tax the loan. Pay it back and get your capital back 👌 I use h and t pawnbrokers in the uk
Fuck taxes. Is it possible to trade the gold bar for the 1 ounce mini bars if need to?
It’s pretty shity to have to pay capital gains on earnings that you have already been taxed on in multiple way to begin with.
Who on earth would report this income? Unless its an absurd amount that it raises eyebrows.
No of course. It doesn’t make sense too.
@@FutureInvestmentsBullionstop trolling lol. Educate the people
When a consumer sells a reportable quantity of specific bullion or coins, precious metals dealers are required to file Form 1099-B with the IRS. Failure to follow reporting requirements can result in the IRS issuing monetary fines, or even criminal charges against both the precious metal dealer and the customer.
@@ibberman… which is why you NEVER buy or sell above the federally-required reporting threshold of $10,000.
Anything over 10000 has to be filed.
But the issue is every time i plan to buy gold britannia, i end up buying coin from another mint which arent CGT free, those designs can be very tempting 😂
Haha! I know what you mean. It takes some self control to only buy Britannia’s! Haha
Hello , for me I buy what ever coin , or bar , that’s available and in price range at the time . Putting some funds on gold is something that in the time of financial need can help you get you’re goal , so as long as the gold is par at price and it’s 24 k 999.9 real gold if I can afford it I will most definitely buy the gold , thank you kindly all the best , may the heavens open the gates of treasure for all who love God 😊
That’s a great way to invest and I have to agree. Thankyou for watching and for your lovely comment Kelly :)
You make a good point. I do have a some 1g and a few 5g gold bars for barter situations in case of the SHTF scenario. Even if I sold them all I'd be well under the CGT tax allowance.
Absolutely! Very well said 🔥
In what country are those bars excluded from capital gains tax?
So does that mean someone could use gold as payment and the merchant wouldn't have to pay taxes?
Technically if it’s legal tender pieces like Britannia’s but they would never accept it.
Do you mean capital gains tax in the UK? The US doesn’t have this exemption that I know of.
Yes. CGT in the UK :)
But how come it says on they website that the bars are tax free aswel 🤔
Bars are not except from tax unfortunately.
If they charge capital tax, they better take it out from the grand total of everything. The tax, the shipping, the wiring fee, etc. Ain't no way they going RIP me off of all those other fees
Get off the system and get into barter. Then you won't be paying taxes.
No Taxes would be nice!
Do you have any more info on how to actually do this? Do u still use a bank card?
@kahyui2486 you tube is trying to censor all my comments. I can't believe this. I think I'm really doing damage to them right now.
@kahyui2486 I can't tell you everything I know. But I will say this. Hang in there, this is not going to last very long.
@kahyui2486 every body is acting like we still have ten years left, but I want to tell you now we don't have ten years left. We might not even have five years left. They could take me down if they want but I'm here to tell you this is going to end and end fast. All hell is getting to break loose. You will see it much sooner than you realize. Let them take me down I don't care. I'm not getting money to tell the truth. Let the chips fall where they may. They can't control me. I'm not a part of their G** d**** system.
Love the Britannia design.
Same here 😃
How easy is it to sell Britannia gold coins and where do you sell them?
Very easy. Online, private sales of back to bullion dealers. Hope this helps.
As you already know I've invested in a few silver britannia's but I think that I will be investing in a few gold britannia's this year also as they're VAT and CGT exempt.
Absolutely! Great plan to purchase those! Such a great investment! 🔥
Have you ever sold any?
@L G no I've never sold any as I'm a collector and don't plan on selling my collection.
@@johningham4942 thanks. I’ve never bought any, but wondering about buying some now and selling to help my kids out when they come to buy their first house / car / get married
Can be exported to 🇺🇸? Or prefer gold for own country?
can't exchange for world currency that's the problem. you have to find pawn dealer
Or sell back to a Bullion Dealer or Privately.
Hi we’re the most trusted place to buy in uk ?
Tavex Bullion - You can use my discount code on selected Gold & Silver Bullion.
Code - FUTUR3INVESTM3NTS
i need tips on how to invest gold and silver is it even worth i wanted to try cypto or day trading but seems like investing into gold and silver is way easier and less complicated idk whens a good time to buy and whens a good time to sell ik silver is supposed to go up to $100 a ounce in a couple yrs and rn its decently cheap
Firstly you need to know where are you going to get gold/silver at low prices ,most especially in Africa
Gold cost in Africa is a bit lower compared to that purchase in Europe .for example you can get a kg on $40000,$38000
@@Kendrick-dk8mz im in the united states ive seen lots of online websites that sell it maybe $3-$4 more than whats its worth but im planning to hold on to it for maybe a decade heard silver prices will be past $100 a ounce by then not looking for large amounts just a few ounces and maybe some coins
@@420Lethalhi
How are you doing I have a gold coin for sale I’m located in USA I can deliver it to you through ups
Price is $200 and I have for $210 and I have for $3000
How to sell the coins? On different websites I can see that the lowest price for a half sovereign is 230 and the maximum price I can get for each is 212. £18 loss on each coins 😅
Gold is a long term investment. It can be much more useful than other currencies during „Armagedon scenario” 😅
If you’re looking for cash flows or trading capabilities, Physical Gold isn’t a good option…
Yeah stuff capital gains and every kind of tax there is. Perth mint are the same but as many as you can
Absolutely. I agree, haha!
Here in Texas we pay no tax so it’s all good
Have you ever tried one in Africa
@@Kendrick-dk8mz no I have not 🤔
Hi
How are you doing today?
I have gold coin for sale idk if you’re interested in buying 1924 $20 Saint Gaudens Gold Double Eagle Coin PCGS MS65 for $3000
@@marcgraham6438 I have gold amounting to 28kg I got it from West Africa ,but currently I'm in Uganda due to wars in the west ,I want to sell it but here market is not good .
Where can one buy precious metals without the fancy packaging. I'd rather not spend my money on a bunch of BS packaging.
Try Hereaus or Tavex Bullion
Agree also buddy! I'm hoping this plan of mine to obtain as many 1oz silver britiannias is going to pay off, as the Capitial gains tax changes in the UK has become a concern for me
I’m sure it will Tyrone! Keep stacking mate and no matter what. I’m confident in the future it will have been well worth it 👍🏻
doesnt silver carry VAT, where as gold coins is exempt from both VAT & CGT
@@novasigma5964what is vat? A tax? Cgt?
@@upscaleflipping4617Value Added Tax, Capital Gain Tax
@@FutureInvestmentsBullionwhat is good to buy In the UK? Sliver or gold? Sliver bar or coins?
Very good info!
in the us even if its coins we still have to pay capital gains sadly
Yes, if you have a paper trail and report it. Otherwise, it’s the “honor system”… wink wink.
That’s annoying isn’t it!
ive been trying to scourer information on the last 10 years of which comes out on top as the better investment say between 10oz gold coin and 10 oz gold bar even with the expemption of CGT on the coin ( and if it would be worth the illegal practice of melting said 10oz of coin to make 10oz of bar) hypotheticaly of course
Coin for me all day because of Capital Gains Tax Bonus!
@@FutureInvestmentsBullion - I've read it's exempt if you stay under the 6k a year threshold
When it comes to selling do you loose money over brittania gold coins compared to bars. I know there is the CGT advantage. Thanks
Coins normally are better as they’re tax free. But both are still a good buy
Do you have any information for me to start buying gold bars and where can I purchase them
Absolutely, Start small and work your way up to get comfortable. I would try Tavex Bullion. You can use my discount code - FUTUR3INVESTM3NTS
And you dont get reported to hmrc if you spend less than 5k per year. Think if it as a 5k allowance 😊
Didn’t even know about this!
Thanks dude.... and thank you for sharing your video.... 😊
Arent tbe taxs higher on smaller pieces , less per ounce than the few grams
Taxes aren’t higher but Premiums are.
is it possible to buy gold and make your own gold britannia coin design press? would that count as a coin to avoid paying capital gain tax? not sure if this is concern counterfeit. since your not copying other coin design. i was just curious about that
Very difficult. I would recommend just buying new or second hand.
No tax on bullion sales profit in UK if you are non UK resident......
hi all are the royal canadian mint coins exempted in its capital gains tax? just for future reference tia
Hi
How are you doing today?
I have gold coin for sale idk if you’re interested in buying 1924 $20 Saint Gaudens Gold Double Eagle Coin PCGS MS65 for $3000
I prefer coins I don’t want to be having it in some big holder
That’s a fair reason 😊
but gold bar is better, trust me , 10 years later depend on how many gold bars kept will get you good wealth. just do it. get 1kg first
dont believe, ask those people who got richer after 20 years. me start late rip me. slowly. better than scam. no worries.
Hi I went to start getting into owning tangible assets such as precious metals like gold and silver. As I’m in the UK where would the best place be to buying these assets? There so many different bullion dealers and it’s pretty co fusing on who has the lowest premiums on these assets.
Great Question. Tavex Bullion. You can use my discount code FUTUR3INVESTM3NTS
Not financial advice but - do your research first and give a thought to safe storage and exit strategy. You might be better off saving for a house, or investing in S&P500 inside an ISA. Depends on your personal situation really. For example, be very clear on the tax situation e.g. 20% VAT on new silver, but no VAT on gold and no CGT on gold coins that are legal tender. For lowest premiums simply multiply weight by spot price and then calculate % premium. Certain coins you'll pay a higher premium for, but then they have collectability in addition to spot value. Start small, learn as much as you can, and budget carefully. Good luck!
Ya I love the Britannia as they are more pure gold than the eagle here in the USA
Hi
How are you doing today?
I have gold coin for sale idk if you’re interested in buying 1924 $20 Saint Gaudens Gold Double Eagle Coin PCGS MS65 for $3000
At the end of the day a gold bar is a gold bar jewellery is far more appealing you can wear your jewellery and buy different types Best of Both Worlds stay strong my friends
can you stop shining your O ring through out the video for future reference
Sure, no problem.
Does the package matter will it decrease the value if I take it out or not?
Yes. I would not take it out.
@@FutureInvestmentsBullion thanks I was debating taking it out 😅.
No !
You don't get paid for the plastic. It's might help real sell to someone But 99% of locations are going to want you to open the plastic and test the gold. There's too many scams out there. Most places want to test the gold outside of the packeting. You can keep the package and give it to the buyer. When you sell the gold later on I would recommend doing that. But the whole purpose is the golden. What's valuable? The packaging is not.
Yes CGT exempt right now for the coins. It could change in the future though.
I hope not!
Say I purchased many of these bars over a long period of time, where can I actually cash them in once ready? Just a jeweller somewhere ?
Jeweller or back to Bullion Dealers. It’s actually very easy. They even come and collect from your address.
Do they deliver to your address as well? I mean if I want to buy@@FutureInvestmentsBullion
How can i buy some bars am in Zimbabwe
Try Tavex Bullion UK
I been looking around for gold n silver coins bars bullets ❤
Hi
How are you doing today?
I have gold coin for sale idk if you’re interested in buying 1924 $20 Saint Gaudens Gold Double Eagle Coin PCGS MS65 for $3000
NZ has no capital gains tax so I can invest without as many taxes.
Is no capital gains tax still not a thing on gold coins? Does this also apply to silver? I did some research and from what I saw they are seen as “collectibles” are are taxed up to 28% of the gains if held over a year. Did I miss something?
people forget that he is U.K so rules are different especially when it comes to finance and wealth.
True.
do you keep your bars in the plastic or take them out?
If they’re in a blister card I keep them in. It’s keeps it legit and holds the value better.
Buying those gold frags is never a good deal.
So which would you recommend?
@@FutureInvestmentsBullion Saving your money until you can buy at least an ounce. The premiums on those smaller pieces of gold are insane.
I'm so glad they're getting rid of capital gains tax here in the United States (on precious metals) .. I don't remember the number of states that are on board so far but it's growing at a good rate... Hopefully they will do the same over there for you guys😎✌️
Why are you wearing gloves to handle something that is in an assay card?
It looks posh.
Gold bars are great if you can afford 1kg and more. Mini gold bars are useless, just buy coins
Where can I buy gold coins?? (save place)
Try Tavex Bullion, The Royal Mint or Bullion By Post.
Well these small fractionals are never the option most should go for. Maybe 20 Francs if you want more "transactional" and fractional pieces. The premium on these baby bars. No good.
Nice video I also have videos on gold investing for those interested
They tax gold bars in GB with the same purity? Makes no sense.
It’s because coins can be used as currency although no one ever would. Bars are just bullion, they cannot be used as currency.
@@FutureInvestmentsBullion could you just go to a jewelry and exchange the bullion
@@georgevideos1849 Absolutely. That would be a good place to do it in England, UK 🇬🇧
@@FutureInvestmentsBullion thanks only just started going long term I feel this is the best way to protect your wealth rather than banks cheers
@@georgevideos1849 100% better then in the back! Awesome and congratulations on starting your stacking journey mate!
Why would you buy coins instead of bars ? I’m new to the scene lol
Coins like Britannia’s are tax exempt which bars are not :)
@@FutureInvestmentsBullion beautiful information lol
@@FutureInvestmentsBullionBritannia's coins are only tax exempt in Europe?
@@jaycalif8240 UK only.
Do you have to pay capital gains on gold you buy with taxed income? Wtf
When a consumer sells a reportable quantity of specific bullion or coins, precious metals dealers are required to file Form 1099-B with the IRS.
Right on 👍
Thanks 👍
Does it matter if you take them out of the packet
Yes, don’t do it
@@FutureInvestmentsBullion surely it's the same I mean I understand with coins but bars aren't collectors items.
Does it really devalue
I don’t know a single person who likes gold bars more the Gold coins because the Coins are more valuable and carry a premium in most cases. 😂
And coins are CGT exempt which is a huge bonus..
Very good points. I used to buy the bars too but now focus on coins. I think they’re both good but for a few bucks more the coins make more sense.
Agreed! Thanks for watching|!
UAAAAUUUUU , BRITANNIA ? BR ITA NN IA ?????? MAGNIFIC
Rule Britannia 🔥
Thats good,but crypto is less stable than gold,silver and other valuable metals
I agree with you there!!
If you happen to go in asia, might as well buy 24k gold jewellery. The labor is cheap its practically negligible and you get to wear it as well. i prefer 24k gold jewelleries because there is the smallest chance that it can be planted with a non gold filling
Sounds like a good plan.
Easy to buy gold in Asia because the controlled price is listed and you know exactly what you’re being charged for workmanship/premium over the gold content (and which is often negotiable). The potential problem is that if you’re buying gold jewelry as a store of value, you’re paying a premium on the purchase but will most likely only be able to sell it for the gold content value… so best plan is to hold it for a time period measured in decades before eventually selling.
Where do you buy your gold bars and sovereigns from? Also based in the uk so just curious 👍
I would try Tavex Bullion or The Royal Mint mate.
Bullionbypost is my go to 💪
Chards
Hatton garden
Travex
Buillion by post
Cardif gold
To name a few
3,000,000 Armius Blue Diamond Balenciaga
Keep up the great work! This was very informative 👏
Thankyou mate! Will do 😃
Usually if you purchase coins from the mint of your country of residense, they have a cash face value (very low) but are not taxable as an investment
to the flip side, some believe the nations will recall their gold coinage and you may be forced to give back to minted coinage with denominations on it.
It says that the gold bars are capital gains free too tho?
They’re not in the uk I’m afraid
@@FutureInvestmentsBullion damn, interesting.
Premium is higher on coins
Who noticed god Shiva on coin?
It is still a shiny rock just reshaped.
I want to stack platinum
Bro you ain't making more than 11 grand profit in a year metal and remember you are only taxed on what you sell not profit on what you are holding
I prefer bars and would buy more of them if not for those treacherous assays.
That’s absolutely fair enough!
Buying fractional bars and coins is a massive waste of money. The premiums, relative to 1 ounce pc's and larger, are nonsence.
Gold coins
Capital gain exempt only in UK or even in US?
Both I believe.
It's because he's broke
Who is?
@@FutureInvestmentsBullion you lol
@@tannerrockstexas Haha! Well your comments add to the RUclips algorithm. So whether I’m Rich or Poor. You’ll never know. But one things for sure. The more you comment. Good or Bad. The more Revenue I make. So cheers!
@@FutureInvestmentsBullion nice "gotcha" comment I still don't care 💅
@@tannerrockstexas Nice Nail Polish.
Why wear gloves? Gold bars is THE BEST way to buy gold if not 50x1g bars
For appearances
@@FutureInvestmentsBullion ahh gotta hide them hands
The 2 Britishes me and youu
Pretty sure you’re good capital gains tax is for homes and starts well over $129 that you paid for that but keep rubbing it with your gloves may be it’ll gain a lot more value
Besi (Al-Ĥadīd):8 - Dan mengapa kamu tidak beriman kepada Allah padahal Rasul menyeru kamu supaya kamu beriman kepada Tuhanmu. Dan sesungguhnya Dia telah mengambil perjanjianmu jika kamu adalah orang-orang yang beriman.
i just dont buy gold because of fees premiums and taxes
Gold in the UK is free from Vat and Britannia’s and Sov’s are Capital Gain Tax Excempt.
@FutureInvestmentsBullion precious metals shouldn't be taxed at all no matter where it comes from.. there shouldn't be a need for tax exempt... i know theres a premium for shaping the gold in to a bar or drop or coin but not so high and it shouldn't be ilegal to carry yr gold thru an airport because some countries dont allow it unless its wearable jewelry..
@@maxianoacosta It would be nice if there was no tax at all! Let alone Bullion!
I claim it
Beautiful ❤
Gold will be 4000 by 2030
I hope so!
Nice bar
You know you can always melt the bars into something else
True, you sure can!