Hi,
If you invest in gold does it mean you physically own some gold bars and have them in your house, in a safe somewhere, under your mattress? Just wondering having seen so many reports of late suggesting gold is a good place to be in the current climate. I suppose, having a piece of paper saying you own so much gold is pretty pointless in a situation where gold has replaced 'paper' money.
J.
It means what you want it to mean.....
I believe that if you want to buy the real stuff then companies will offer to store it in Jersey to avoid VAT.
Daytona
There's no VAT on gold.
You can buy gold VAT free, a 100oz bar will cost you about 23k. Having such an item under your mattress will incur insurance costs unless you want to take a chance. You could alway put it in a safe deposit box at a bank.
Gold certificates are popular. Yuo can have "allocated" meaning you have legal right to specifically named bars/coins which are your even if the provider went bust or you can have "unallocated" meaning you have an interest in an undivided portion of a larger whole. The latter is probably okay but is a bit like money in a bank - yuo can get it any time but if they go bust you line up behind other creditors.
Roland.
Dont you mean there is no VAT on Investment Gold?
Yes.
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