HOW MUCH ?!?!

[vampyrefate]

Watched Question time after the debate, and Janet Street Porter knocked out some stats that she said she'd pulled from Radio 4 on the "true size of the deficit".

iplayer link (starts at about 51.00, gets interesting at 54.00

Comments

[davywavy]

I've spent a while quietly acquiring physcial precious metals. I don't think they can tax those yet, and they increase in value in a declining economy.

[vampyrefate]

This is a common practice in Africa, and other countries. Wealth that one can wear!

[davywavy]

And if you pay cash for it, it's an untraceable asset.

[nigelh]

I've spent a while quietly acquiring physcial precious metals. I don't think they can tax those yet

Unless you're planning on fibbing to the tax man then AFAIK any profits made would be subject to Capital Gains Tax in more or less the same way as shares, property, etc.

[davywavy]

So long as I sell in tranches which make me less per annum than the capital gains threshold (or produce a capital loss to offset) I'll be dandy, but thanks for the advice.