Gold has long been one of the most prized metals on Earth. Valued highly by ancient royalty for its malleability, beauty, and rarity, it continues to be one of the world’s most valuable metals. Investing in physical gold can be a practical choice for anyone looking to diversify their investments and provide themselves with some extra security in the current economic climate. One major benefit of physical gold is that it is an inflation-proof investment. If you buy gold with today’s currency, you can resell it with tomorrow’s currency and recoup the difference. Unlike other purchases, such as buying a car, for instance, gold is resistant to devaluation. In addition, gold will most likely never lose its intrinsic value. It has always been in demand, and if there happens to be a global or economic crisis, you will still be able to sell your physical gold if needed. Investing in physical gold is called allocated gold, but there is also unallocated gold, which is the most common form of gold investment. Investing in unallocated gold means that you do not physically own the gold, but rather your investment is backed by a bank’s physical gold reserves. As the unallocated gold is the property of a bank, the premiums are slightly lower, and as there is no physical gold actually held by the investor, this is a much cheaper option than owning physical gold. It is also possible to invest in a gold ETF (exchange traded fund), which can be traded on the stock market exactly like a stock, unlike a mutual fund, and may consist of a group of stocks having to do with the gold industry, such as mining companies and jewellers. Today, like most commodities, the price of gold is driven by supply and demand as well as speculation. However, given the huge quantity of gold stored above-ground compared with the annual production, the price of gold is affected mainly by changes in sentiment rather than changes in annual production. It has also long been known as a natural hedge against inflation, currency fluctuations, and the world’s changing financial climate. Gold has always been considered the most desirable of precious metals, and its value has been used as the “gold standard” for many currencies. It is a symbol for purity, value, royalty, and in particular, roles that combine these properties. Modern bullion coins allow investors to own investment-grade gold, as coins are at a small premium to the spot price of gold as quoted on the markets. The value of bullion coins and bars is determined almost solely by the price of gold and production costs, therefore closely follows the bullion price. Buying investment grade gold bullion is stamp duty and tax free (VAT exempt) in the UK and EU due to the EU Gold Directive of 2000. The British coins, the Sovereign and the Britannia, are also free of Capital Gains Tax. Since 2006, UK citizens can invest in gold bullion through SIPPs. SIPPs are designed for people who want to manage their own pension funds by investing in asset classes of their choice. Investments made in gold bullion are topped up in the form of tax relief, meaning individuals can claim up to 40% back depending on their income tax bracket. Bars are available in various sizes such as the 1kg (32.15 oz), the 1oz bar, the 10oz bar, the 5g bar, the 10g bar, the 20g bar, the 50g bar and the 100g bar. All Gold Investments’ bars are 999.9 and bear the stamp, or chop, of an approved refiner as designated by the LBMA (the London Bullion Market Association) in the Good Delivery List of acceptable smelters and assayers. The bars are of good appearance, free from surface cavities and other irregularities, layering and excessive shrinkage. Among the 22ct bullion coins available for investment are the American Gold Eagle, the South African Krugerrand, first released in 1967, the Britannia, and the British gold sovereign, as well as the half sovereign. The Canadian Gold Maple Leaf coin has a purity of 99.99% as does the Australian Nugget, both being 24k. Most bullion coins are minted in 1/10oz, 1/4oz, 1/2oz, and 1oz form. However, one ounce gold bullion coins such as Krugerrands or Britannias, as well as the smaller British Sovereign, are by far the most popular choice. Both small investors and institutions see the advantages of owning legal tender bullion coins, either in their possession or stored on their behalf in bank vaults in the city, and recognise the advantages of the divisibility afforded by them. Recently, Gold Investments gained notable recognition in the UK Enterprise Awards and was named Gold Bullion Dealer of the Year 2024. Contact Details Contact: Oliver Temple Company: Gold Investments Ltd Web Address: www.goldinvestments.co.uk Headed up by Oliver Temple, who has more than 30 years’ experience in the investment markets, Gold Investments Ltd prides itself in offering a personal service to all clients. Moving forward with the internet era, Gold Investments is the only bullion house which now offers the ability to buy and sell gold online with live prices via its website, backed up with the same professional service. We take a look at the gold trading industry to find out more as it celebrates a win in the UK Enterprise Awards. Gold Bullion Dealer of the Year 2024
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