Clearly there are many ways to skin the cat.
I have bought silver but if I am straight about it the max profit is made on trading.
You are trading on margin.
Lets say you put a £1 stake on spread betting on silver at $20 when it was the spot price.
You have enough in the bank to stand some draw down and then price continued up.
You left it there.
With GFT this would cost £30 spread.
At $46 that is an increment of $26.
That is £26 000 profit - £1000/$1 increase.
If you then put another bet on at $25 and then at $30.... You are talking major profit.
You could not have made that with the physical.
Ok the risk was there at the beginning but once price had moved out from your initial price that's it.
No value added tax and for me in the UK NO income tax or capital gains tax to pay.
beeb I have been struggling to get a proxy server to watch the telly.
Finally managed it this afternoon. I set up a VPN on Windows and found a free UK VPN service. I love my BBC iplayer.
I pay for a TV licence so I feel I'm entitled.
Rush for gold - the price of gold has been pretty static - there is no bubble.
Just thought gold is on Newsnight - we must be at the start of phase three in gold.
I have bought silver but if I am straight about it the max profit is made on trading.
You are trading on margin.
Lets say you put a £1 stake on spread betting on silver at $20 when it was the spot price.
You have enough in the bank to stand some draw down and then price continued up.
You left it there.
With GFT this would cost £30 spread.
At $46 that is an increment of $26.
That is £26 000 profit - £1000/$1 increase.
If you then put another bet on at $25 and then at $30.... You are talking major profit.
You could not have made that with the physical.
Ok the risk was there at the beginning but once price had moved out from your initial price that's it.
No value added tax and for me in the UK NO income tax or capital gains tax to pay.
beeb I have been struggling to get a proxy server to watch the telly.
Finally managed it this afternoon. I set up a VPN on Windows and found a free UK VPN service. I love my BBC iplayer.
I pay for a TV licence so I feel I'm entitled.
Rush for gold - the price of gold has been pretty static - there is no bubble.
Just thought gold is on Newsnight - we must be at the start of phase three in gold.