According to wikipedia the Talmud components date from 200AD and 500AD: https://en.wikipedia.org/wiki/Talmud
As that is more than 1000 years ago - surely that counts as the plural millenia as opposed to a single millenium?
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Charlottesquare wrote:Just buy things your other half can wear, may not be as solid as an investment in gold coins etc but far more enjoyable.
No idea of the current value of anything I have bought her over the years but do know the solid gold Edwardian gate bracelet I bought her circa 1993 for £300 must have added something to its resale value over the last 30 years, and then you get in to diamonds, rubies, pearls etc as stores of value and also something attractive. (I wear no jewelry but do buy the odd picture instead, none worth fortunes but £500 here/£1,000 there gives cover for the walls and hopefully long term a store of value.)
I also tend to always buy her older pieces (except once she got a brand new ring) , usually Victorian or Edwardian, so she is unlikely to ever meet something with the exact same item. Not all investments need tucked away in drawers, some , maybe not as good investments, can offer utility.
And of course finally, auctions can be good fun- a grand day out.
Charlottesquare wrote:Just buy things your other half can wear, may not be as solid as an investment in gold coins etc but far more enjoyable.
Lootman wrote:Charlottesquare wrote:Just buy things your other half can wear, may not be as solid as an investment in gold coins etc but far more enjoyable.
No idea of the current value of anything I have bought her over the years but do know the solid gold Edwardian gate bracelet I bought her circa 1993 for £300 must have added something to its resale value over the last 30 years, and then you get in to diamonds, rubies, pearls etc as stores of value and also something attractive. (I wear no jewelry but do buy the odd picture instead, none worth fortunes but £500 here/£1,000 there gives cover for the walls and hopefully long term a store of value.)
I also tend to always buy her older pieces (except once she got a brand new ring) , usually Victorian or Edwardian, so she is unlikely to ever meet something with the exact same item. Not all investments need tucked away in drawers, some , maybe not as good investments, can offer utility.
And of course finally, auctions can be good fun- a grand day out.
Also if you need a dental crown, ask for a gold one (assuming it is for a molar). I have a few hundred quids worth of gold in my mouth and my kids have instructions to make sure they are extracted and given to them upon my demise. Their call whether or not to include those for IHT purposes
richfool wrote:Lootman wrote:Also if you need a dental crown, ask for a gold one (assuming it is for a molar). I have a few hundred quids worth of gold in my mouth and my kids have instructions to make sure they are extracted and given to them upon my demise. Their call whether or not to include those for IHT purposes
That's an interesting idea, but who would do the extractions, on a deceased body?
Lootman wrote:richfool wrote:That's an interesting idea, but who would do the extractions, on a deceased body?
If someone dies in a hospital it is fairly common for the next of kin to ask for rings and other valuable items on the person of the deceased. In fact the hospital should ask the NOK if they want anything off the body, even a pacemaker and false teeth.
Some minor surgery on the corpse may be needed, and pulling teeth would be routine for the mortuary staff given that they do post mortems there. I know of one case where a gold wedding ring could not be removed due to body swelling and rigour mortis. The relative was asked for permission to chop off the finger to get it, which was granted.
Outside of a hospital the funeral director could be similarly instructed.
richfool wrote:One can buy gold and gold jewellery in Thailand (96% pure, and very soft). And whilst they will buy it back from you in Thailand, at only a slightly cheaper price, in the UK they will only give you scrap value on it.
1nvest wrote:richfool wrote:One can buy gold and gold jewellery in Thailand (96% pure, and very soft). And whilst they will buy it back from you in Thailand, at only a slightly cheaper price, in the UK they will only give you scrap value on it.
Britannia gold coins are 99.99%/24 carat gold, as are London Delivery bars. 96% is 'impure' and requires effort and nasty chemical reaction processing to refine to 99.99% - so as such 'scrap' value is fair.
richfool wrote:One can buy gold and gold jewellery in Thailand (96% pure, and very soft). And whilst they will buy it back from you in Thailand, at only a slightly cheaper price, in the UK they will only give you scrap value on it.
Steveam wrote:Being U.K. tax resident it is useful to know that legal tender (so gold coins issued by the Royal Mint) are not subject to CGT. Most of the gold kilo coins (for example the Prince George birth celebration gold kilo) are marked as £1000.
richfool wrote:Which of the various Britannias is most easily traded?
Lootman wrote:Steveam wrote:Being U.K. tax resident it is useful to know that legal tender (so gold coins issued by the Royal Mint) are not subject to CGT. Most of the gold kilo coins (for example the Prince George birth celebration gold kilo) are marked as £1000.
A kg of gold would be worth about £60,000. It might technically be legal tender but a little difficult to spend, I would think.
I would worry that there are not enough of them in circulation to maintain a liquid market. And dealers might need a healthy spread to trade them.
1nvest wrote:Recent dealership spreads (snapshot taken at 3:45pm on a Friday)
So that's a 3.3% instant round trip spread (buy and immediately sell back again)
1.47% above spot purchase spread
-1.77% below spot sell-back spread
https://auronum.co.uk/gold-coins/gold-britannia-coins/
Elsewhere where individuals trade between themselves (and where some have a history of high trust) you can often buy and sell for 0% overall spread, both buyer and seller might be content to trade at spot+1% (both happy).
Buy/sell in bulk, 10 at a time, and some dealers further narrow their spreads. Depending upon timing maybe down to 1% (sell at spot+1%, buy at spot) i.e. according to whether they have too many or none of their own stock.
richfool wrote:I note the Royal Mint often offers (special) deals. Are they a preferred source to buy from?
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