Pay more now, save a lot later...

Would you pay a little more today, to save more in the future?

Im talking about capital gains tax(CGT)!! Thisnis when the government decide that because youvendone your due diligence and invested in something that hasnt depreciated as the currency has continued to devalue, that any perceived returns over and above the initial purchase price, is taxed at 40%....

Let that sink in for a second!! You bought a bar of gold at £1000, 10 years ago, youve kept it safe, you ledtbthat £1000 untouchee forn10 years while inflation and currency devaluation has left you poorer, then sell your bar of gold for £4000 today. A simple £3000 profit, the government will tell you youvenmade. Butnthats not true!! Not true at all... What you could buy for £1000 10 years ago, lets say a nice taylor made suit(for example), now costs £4000 - thats inflation in plain sight. Youve technically made nothing, but youve held your purchasing power.

But heres the kicker - £4000 - £1000 = £3000 gain in the eyes of the government. You now owe them 40% of £3000 = £1200 in CGT , due to the "profit".

Its not profit!! Its purchase retentions... but good luck pleading that excuse.

Yet, there is a way o avoid the dreads CGT here in the UK, and thats to buy UK bullion gold and silver. Namely, the BRITANNIA. They cost a few £ over the price of generic bullion to buy new, but you could save a pretty penny when you coke to save in the future.