Wt Physica Gold Discussion Threads

[goldenshare888] 19/3/2009 18:12

Ditto................

Gold should breach $1000 soon,imho.............

Dyor..............

[bangor] 19/3/2009 15:54

KenOne

PHAU vs PHGP

we have this discussion every few weeks - if you read back on the thread you will see there is no difference in the slightest.

This is where I am glad I held on to every single precious metal stock and ETF over the recent upheavals.

[kenone] 19/3/2009 10:36

I've got lots of PHGP but no PHAU - Am I holding my ETFs in the right currency ? PHAU seems to be up a lot more today - is that because of the relative weakness in the $ ? If PHGP is in Sterling should'nt it be the other way round .?Can anyone enlighten me ?

[goldenshare888] 19/3/2009 09:43

This could fly with the worlds printing presses going into hyperdrive..!!!!!!!
Dyor

[washbrook] 17/3/2009 08:08

brando69.
shorting gold -here is an instrument :-

[brando69] 02/3/2009 21:03

in the same way that there is an etf which allows you to short oil, is there one for gold a sort of anti PHAU?

[fatfin] 02/3/2009 20:19

Head and shoulders formed? or is this too short a time frame?

Fatfin

[bengt] 25/2/2009 15:39

Yeah, I don't know why the dow bounced y'day on the back of Bernanke's useless waffle.... the market may be realising this today.

[goldenshare888] 25/2/2009 15:20

Dow is crumpling......good for gold i think.....

[bengt] 23/2/2009 18:23

Maybe the correction will be on the oil side, forward derivatives indicate oil will be on the way up. Silver is a play on industrial use as well as currency play, so maybe it will be usual for its price to underperform at times like these.

[atflores] 22/2/2009 22:59

Gold now seems overpriced compared to oil and silver. Time for a short-term correction methinks.

[bengt] 22/2/2009 18:23

From what I can see at Hmrc, only if you use the chattel to generate income will it be subject to income tax. But regarding CGT, yes you are subject to pay on realisations of over £6k a year. So maybe the answer is hold some in Phau (and take advantage of CGT allowance), and then hold some in physical, where you can take advantage of the £6k allowance for chattels.

I assume that you can, in each of these instances realise that amount each and every year.

[bangor] 20/2/2009 21:39

Fatfin

I don't know; this might help:

[fatfin] 20/2/2009 19:43

Bangor. Do you agree on the chattles? I sold my GBSS as I was not too sure if they were in fact backed by gold. ISA accounts would only accept phau/phgp when I put in for gold in my ISA which says quite alot.

[bangor] 20/2/2009 14:04

Here are a few points I learned the hard way:

There is ABSOLUTELY no price difference between PHAU/PHGP if you have a £ sterling account. Whether gold and the $ vs £ go up or down will not change this. There are no currency costs either, the mid rate is used.

PHAU and PHGP only differ in terms of the quoted currency. Nothing else.

Only buy an ETF which is backed by the metal. PHAU/PHGP do, but most others are backed by worthless paper.

Beware LBUL and other multipliers/derivatives. I bought LSIL which promised a 2:1 ratio with silver but it dropped to parity and cost me a packet.

Take care on bbs such as this since many try to be helpful but haven't got a clue what they are talking about.

[fatfin] 20/2/2009 09:22

Bengt I think that chattels are free of CGT when sale price is under £6000. Over this you have to do the usual for CGT. These etf's seem, to me, to be the easiest way to deal with gold. At least you cannot leave them behind when you move house having buried the gold in the garden or hidden it in the attic.

Spob good site I have just sold my GBSS and should be coming in this direction as I do not have to wait for 30 days before buying back in.

[bengt] 18/2/2009 20:08

If it's CGT taxable, presumably you're better off buying a physical lump and putting it in a vault! As I'm sure there's no CGT on chattels

[ashbox] 17/2/2009 20:10

Bengt - I meant there was no stamp duty when buying, apologies for the confusion. Presumably normal rules apply for CGT although I'm not 100% sure.

[bobp] 17/2/2009 19:42

45, yes you're right, but you do get your original deposit back.

Scott1978, other than gold have a look at the share with the code ISF, it tracks the FTSE100 index and you can buy and sell instantly. If you are in it for the medium term then drip feeding into that will pay off as although we're not at the bottem yet we can't be too far off. Just a thought. Also, that way you won't be clobbered as if you just bought a particular share.

So difficult these days to get into something safe as the alternative is small deposit interest rates that actually make your moneys 'worth' go backwards!!

[bengt] 17/2/2009 19:34

Ash,

Is there no CGT on the gold etf? I think that it's going to fly, given the eventual collapse in western currency, so was considering an isa, so is there no point?

[scott1978] 17/2/2009 12:03

Thanks Ash.

[ashbox] 17/2/2009 11:50

Scott, if you want to invest in gold miners but a diversified range rather than picking individual shares a fund like Blackrock Gold & General might be of interest. They accept monthly investments (£50 per month minimum I think).
For physical why not just buy coins or bars from people like Weightons, Goldline, Coininvestdirect etc.
Lastly, you could buy the ETF PHAG/PHAU or similar. The spread is not massive and there is no tax so small investments are not uneconomical. In theory this ETF has the physical gold to back it up!
All IMHO DYOR etc......

[scott1978] 17/2/2009 11:28

I'm interested in starting to invest in gold and was wondering if there are any means to investing a fixed amount on a monthly basis, rather large lump sums?

I would be keen to get any feedback on this subject.

[fortyfive] 16/2/2009 15:27

BobP thanks for tip. Sounds a lot better than my ISA, actually now its down to less than 1%...
Barclays:-
Full capital repayment at the end of the chosen term. Plus a fixed return* of either:
32% (five-year option)
22% (four-year option)
12% (three-year option)
? who gtd's this stuff? If reliable it sounds a sleep at night option. Ahhhhh - I notice it only pays a return IF the index stays positive at the end of the investment period........well I think Gold will be up, not sure about the FTSE100...