Wisdom v Chamberlain CA 1968 45 TC 92 [1969] 1 WLR 275 [1969] 1 All ER 332

A taxpayer purchased two large quantities of silver bullion to counter the effects of the devaluation of the pound. The purchase was made following advice and was partly financed by loan. As the purchase was done on a short term basis in order to realise profit. There was an adventure in the nature of trade and was therefore assessed as trading profit.