What with 2021 Autumn budget being given today, purse string look to be under even more strain of snapping.... so what if i could share with you a quick way of making (approximately) a quick 5% profit on your invested money??
Ive always lived by the mantra: "if it sounds too good to be true, it probably is", so while what im telling you is all technically true, there are some snags and hoops you may need to jump through to get this tip to work.
So this is where, only living in the UK, helps.... Above are "commemorative" silver coins released by the Royal mint over the past few years. They have face values of £20, £50 and £100.
Can you see where this is going?? How about now?? Does this screenshot help?
Can you spot the bargins? Hidden in these sales listings are 2 coins i am interested in purchasing.
With a face valuenof £100 and selling for just £93.99, with free P&P, these coins have a guaranteed return of 7% already. Now these do come up very regularly on Ebay, but the profit is usually closer to the 5% mark.
Now this is where jumping through hoops starts. Technically, these coins are legal tender but spending them could be pretty difficult be very hard as shops, banks etc will refuse to accept them.
But there are loop holes to which we can profit from, and they fall with government debts such as council tax and the like.
Legal tender has a narrow technical meaning which has no use in everyday life. It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay.
Bank of England
So as long as youre paying a debt, they CANNOT BE REFUSED. Every month pay your council in "cash" and use these coins to do it!!
Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord
If this was in Canadian style I'd be paying my City Property & Utility Taxes with them pronto. Utility taxes are up 10% already too. Legalized thievery I tell you.
I hear you.... i hear you.... same over here. Bills go up, services go down! Its almost like foat currencies all over the planet are subject to inflation through mass printing.. almost..
Oh my gosh yes! Definitely would be paying some of that down. I can tell you for fact that living in New Jersey sucks. Our taxes are through the roof! I think I work just to pay property tax, sales tax, and whatever other tax they want to throw on me. This year my property taxes went down just a tiny bit. They will probably shoot back up next year. Either way they're in the five digits so I'm ready to quit New Jersey.
Look at you spotting a good deal! Or deals. With shipping I would be paying much more so this definitely works out for you given your location.
Funnily enough I have been lumbered with about £60 in five pound coins, you can also spend them at main branches of the post office for goods and services.
Thats exactly what i do with th3 £5 coins i pick up. As long asni can get free p&p, theres always a small profit in there.
However you can juke the system... I approve buddy!
Smart move stumpy
Glad you approve you cockwombble
Hi @welshstacker,
Thank you for participating in the #teamuk curated tag. We have upvoted your quality content.
For more information visit our discord https://discord.gg/8CVx2Am