U3A Investment group web page Please let Janet know if you find this useful Other Types of Investment & Saving Investing in Whisk(e)y Gold ingots and coins Are you protected with the Financial Services Compensation Scheme? Investing in Whisk(e)y https://www.theguardian.com/money/2023/apr/10/liquid-gold-heres-the-sobering-truth-about- investing-in-whisky Click here to read an on-line a 5 page printable article on whisky investment sector by www.Insider.co.uk I was unable to load it from their website but found it on a Google search. a couple of quotes from the article; quote He told This Is Money: "We would never tell anyone they should expect a certain price or return... it’s very much about the experience of owning your own whisky, rather than a typical investment." Mark Littler, auctioneer turned whisky valuer, commented that while casks can be a good investment, "if you are expecting 10% returns a year, you will likely be disappointed. "The value of whisky doesn’t always go up linearly, and you won’t make any money until you sell your cask completely," he added. unquote quote Jason Chester, senior associate at intellectual property firm Marks & Clerk’s Edinburgh office and member of their food and drink team, said rising demand and value can often lead to an increase in counterfeit products. Identifying fakes can be difficult, time-consuming and expensive, and often involves lab-based processes such as carbon dating. In 2018, whisky broker Rare Whisky 101 sent 55 bottles of rare whisky to Scottish Universities Environmental Research Centre for analysis. The bottles were selected at random from auctions, private collections and retailers, with the centre finding that 21 out of the 55 bottles examined were either fake or not distilled in the year stated on the label. unquote *** *** *** *** *** *** *** *** *** Capital Gains Tax 2023/24 capital gains tax Annual exempt amount £6,000 for individuals Standard CGT rate 18% on residential property, 10% on other assets Higher CGT rate 28% on residential property, 20% on other assets Your rate of CGT will depend on your other taxable income. See Gov.uk for more on how to work this out, and for more on the increased annual exempt amount, see this Gov.uk webpage. You have 60 days from the completion of the sale of your property to report and pay your capital gains tax to HM Revenue & Customs. *** *** *** *** *** *** *** *** *** Gold Coins & Ingots From 1979, the sovereign was issued as a coin for the bullion market, but was also struck by the Royal Mint in proof condition for collectors, and this issuance of proof coins has continued annually. Fine gold is the term for pure gold, i.e. a metal that has an alloy with at least 99.9% gold. In trade, this alloy is found as fine gold 999 and is quantified with 24 carat. 9 carat = 375 fineness 37.5% 18 carat = 750 fineness 75% 22 carat = 91.6 fineness 91.6% (sovereigns and jewelery) 24 carat = 99+% fineness 999 fineness (bullion) Bullion coins from The Royal Mint (www.royalmint.com or a dealer e.g. www.bullionbypost.co.uk) are exempt from Capital Gains Tax for UK residents due to their status as legal British currency. VAT free for non VAT registered private individuals. The gold price goes up and down daily in response to world affairs. 2023 Coronation Sovereign to buy from the Mint is £399 (116 fine gold) Britannia 2023 1 oz Gold Bullion Coin (King Charles III) Bullion 999.9 Fine Gold from £1,640 The Coronation Sovereign 2023 Twenty Five Bullion Coin Tube Bullion 916.67 Fine Gold from £9,882 (£395 per coin) The Royal Tudor Beasts 2023 1oz Platinum Bullion Coin 999.5 Fine Platinum from £824.39 Best Value Gold 1oz Bullion Coin Bullion | 999.9 Fine Gold from £1,636. 500g Gold Bullion Cast Bar Bullion 999.9 Fine Gold from £25,686.74 Value of the gold (17/9/23) in a Full Sovereign 7.98g £352.69 at www.gold-traders.co.uk Sometimes p&p and insurance is free when you buy, but never when you sell. *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***