I know people who'd buy unmarked gold. Just a shame I don't have any.
I would probably think about keeping some of it, and then take a few jewellery classes and attempt to make them into rings or chains. Then sell them onto cash for gold.
tractability, and how have you got it in your head that its hard to sell unmarked gold, it is stupidly easy as long as it isn't in bar form.i take it they would also buy marked gold from kuwait too? so what would be the point of unmarking it, apart from costing you time and money in doing so?
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tractability, and how have you got it in your head that its hard to sell unmarked gold, it is stupidly easy as long as it isn't in bar form.
and leave yourself wide open to be caught.it would need to be tested, verified, etc, by drilling holes and taking shavings, etc. so it's definitely not stupidly easy. it can be done but i'm guessing it would be easier to shift it with the markings to someone who is going to melt it down anyway.
and leave yourself wide open to be caught.
i take it they would also buy marked gold from kuwait too? so what would be the point of unmarking it, apart from costing you time and money in doing so?
cash for gold shops offer you like 15% of what the spot price is. would be the worst way of doing it.
i would only sell to someone i know. luckily i know someone who buys and sells on the black market. they also make gold jewelry too. i would sell at a good price so it's a win/win for both. £2 million gold for £1.5 million.
you dont think the tax man might not question such a vast discrepancy in everyones books there
A common question asked by investors is, ‘do I have to pay VAT on bullion?’ The good news is you don’t have to pay VAT on gold investment bullion. This includes all gold bullion investment bars and coins purchased in the UK and EU, meaning all gold bullion is completely VAT free. The bad news is, unlike gold bullion, VAT is payable at 20% on silver bullion bars and coins. Perhaps because investment gold is now exempt, there is a misconception that investors believe other precious metals such as silver, platinum and palladium are VAT free.
Gold only attracts CGT. Also do you know what the black market is? People trade on the black market to evade tax altogether so the tax man wouldn't see any of it as it's "off the books".
Like I said before you wouldn't shift it all in 1 go. Sell a brick every 6 months or so.
Im not talking about vat.
Imtalking about 1.5 million of gold appearing in his vusines.
Yes i know what the black market is.
Do you know what money laundering is? People go to far more effort to PAY thier taxes than to avoid them.
1.5million in cash is going to be worth more as loft insulation to most people