Thanks to the liberal tax regime offered by the UK government, investment in gold Britannia is also exempt from the regular VAT. You can spend the profit as you wish or you can reinvest in Britannia coins or any other investment products. In simpler words, it means no matter how big is the profit you make from the sales of the Britannia coins you are going to keep the entire profit without provisioning for any tax. In other words, these coins do not attract Capital Gains Tax (CGT). This special status of Britannia makes it exempt from any tax on the profit made through buying and selling of these coins. Investments in Britannia are quite profitable as it enjoys the distinction of British legal tender. The Britannia coins are available in different denominations - 1/4, and 1/10 ounce. The British icon on these coins is found to be on the British coins since the days of the Roman Empire. Now, the coins are available in both 22-karat and 24-karat purity but the value of gold in both the coins is the same.Īll Britannia coins feature the head of enigmatic Queen Elizabeth II and the Britannia, the British national icon, on the two sides of the coin. In 2014, the coin returned to its original size of 32.69 diameters and 2.8 mm of thickness. This version of the gold coins lasted just one season. This was bigger in size and rather flat in shape. The first mint of Britannia gold coins the full purity came in a thin make of 1.58-1.65mm. Its diameter became a standard size of 38.61mm. In 2013, gold Britannia coins began to be made with 24-carat gold, instead of 22 carats so far. From 1987 to 1989, copper and from 1990 to 2012, Silver was used as the additional material that also gave the coins its distinct color. These coins contain an ounce of gold and 2.946g of Copper or silver. These coins were first minted in 1987 and those minted between 19 have 22-carat coins and a diameter of 32.69mm. One gold coin contains 31.1 g of pure gold. Gold Britannia 10z is popular British bullion with £100 face value. You too can buy Britannia gold coins and make a profit. Gold Britannia coins are easily available for free delivery for insured and allocated storage. This is a much sought-after good investment product for all those seeking to make a secured yet high return on investment (RoI). In practical terms, this means the Britannia 10z gold coin is exempt from both VAT and Capital Gains Tax (CGT). Its popularity is largely due to due to its availability at low margins and its status as a legal tender authorized by the UK government. To find out Cook’s stock picks, watch the above video.The Britannia 10z gold coin is a highly attractive investment product in the UK. So certainly nickel, copper, cobalt, that’s where money is coming in and available for exploring and building.” That’s where the money is starting to flow into. “I’ve spoken with a number of large funds and private equity groups that are looking to invest in the sector, but it has to have a green component to it,” he explained. However, Cook said that financing for mines is available for so-called “green metals.” “I think we are going to see margins decrease across the board, in every industry, not just mining,” said Cook. This, along with higher input costs in oil, labor, and supplies, could mean shrinking profit margins for commodity producers. So, I think that’s a positive for gold as well.” dollar, and that’s going to happen over this year. And I think we’re going to see more non-Western countries start putting gold in their reserves as opposed to the U.S. He also said that gold would benefit from recent geopolitical events, as opposed to the demand for electrification. Gold looks good.”Ĭook spoke with David Lin, Anchor and Producer at Kitco News, at the PDAC 2022 Convention in Toronto.Ĭook explained why he had believed strongly in copper and nickel, saying, “The whole electrification relies on those two metals plus lithium… We don’t have enough copper supply to meet with the coming demand.” “I’m very certain that the copper price is going to do well,” he said. As we head into a ‘recapitulation’ stage for commodities, copper, nickel, and gold will be the best assets to own, said Brent Cook, Founder of Exploration Insights.
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