You can probably get round this problem by storing bullion in another jurisdiction, a facility which Goldmoney ( https://www.goldmoney.com/ )offers with some eleven vault facilities around the world. For what it's worth, I think it is unlikely that confiscation of coins will occur (which has never actually happened — it's not the same thing as banning ownership). It would almost certainly be part of a wider exchange control legislation, which would simply accelerate foreign selling of the currency. That said, the future is for us to discover...
What is your stance on capital gains tax exempt bullion please as I've learnt that it is written into law that the crown can legally confiscate coins of the crown at any time if it so wishes.
I am thinking seriously of replacing such coins for non CGT exempt bullion & purchasing non CGT exempt bullion going forward.Thank you.
Where can I find the results of Treasury Auctions such as the 3,5,7,10,30 year results.
A failed auction will proceed a collapse in the dollar. Each auction with little demand and requiring a tail will increase the price in dollars of Gold. Most analysts believe the Treasury Market will continue to support the dollar because no one else has ta complex and established Bond Market however if auctions fail and the dollar severely declines in value - What good will the Bond Market be?
I assume you are a UK resident. I don't give tax or investment advice but recommend you read this : https://www.chards.co.uk/guides/exchange-control-act/785
You can probably get round this problem by storing bullion in another jurisdiction, a facility which Goldmoney ( https://www.goldmoney.com/ )offers with some eleven vault facilities around the world. For what it's worth, I think it is unlikely that confiscation of coins will occur (which has never actually happened — it's not the same thing as banning ownership). It would almost certainly be part of a wider exchange control legislation, which would simply accelerate foreign selling of the currency. That said, the future is for us to discover...
Thank you very much for taking the time to reply,as a UK resident I will look into the information you have provided.
Not sure...
But you are right to raise this issue. I remember well the failed gilt issues in 1970s London forcing coupon rates up to over 15%!
What is your stance on capital gains tax exempt bullion please as I've learnt that it is written into law that the crown can legally confiscate coins of the crown at any time if it so wishes.
I am thinking seriously of replacing such coins for non CGT exempt bullion & purchasing non CGT exempt bullion going forward.Thank you.
Where can I find the results of Treasury Auctions such as the 3,5,7,10,30 year results.
A failed auction will proceed a collapse in the dollar. Each auction with little demand and requiring a tail will increase the price in dollars of Gold. Most analysts believe the Treasury Market will continue to support the dollar because no one else has ta complex and established Bond Market however if auctions fail and the dollar severely declines in value - What good will the Bond Market be?