Daily Market Update

Is Your Pension ‘Good as Gold’?


Published on Independent Trustee Company (27/05/2020)

◆ With the current level of uncertainty in world markets we have received numerous requests for information on how self directed pension schemes (pre and post retirement) can hold gold and silver.

It is accepted that if gold bullion is held via a gold certificates ( Perth Mint Certificates with GoldCore) or in Secure Storage in a variety of local or international locations with GoldCore, then it is not considered a ‘pride in possession’ article or ‘tangible moveable property’, and so fulfills Revenue investment requirements for small self-administered pension schemes.

This opportunity allows scheme members to avail of the diversification benefits and return potential of gold bullion in conjunction with other numerous asset class diversification and tax benefits that ITCs self-directed pension schemes can provide.

Mark O’Byrne, Goldcore Founder and Research Director recently shared with us information about golds role and outlook in times of economic and geopolitical uncertainty, which you can view here.

We would like to thank Mark O’Byrne, Stephen Flood and their team at Goldcore for sharing their research and thoughts with us.

For further information on holding Gold/Silver in your self-administered scheme, please speak to your financial advisor.

Full article via Independent Trustee Company here




NEWS and COMMENTARY

Gold dips to 2-week low on growing recovery hopes

Gold hovers near 2-week low on hopes of economic recovery

Spain is deploying a basic income to citizens (2.5 million citizens / 1,108 euros per month)

World economic prospects darken, rebound delayed

Euro rallies on EU recovery fund proposals, yuan falls

Scotiabank sets aside $168 million for metals closure and investigations



Watch and Read Other Key Points From Interview Here



GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

26-May-20 1722.75 1720.25, 1399.22 1393.57 & 1571.32 1566.63
22-May-20 1732.45 1733.55, 1421.99 1423.59 & 1588.83 1590.71
21-May-20 1732.80 1724.90, 1417.78 1410.45 & 1580.49 1571.04
19-May-20 1735.25 1737.95, 1416.14 1418.34 & 1584.11 1589.01
15-May-20 1734.85 1735.35, 1422.06 1427.67 & 1604.39 1602.60
14-May-20 1716.40 1731.60, 1403.67 1420.09 & 1587.84 1603.98
13-May-20 1699.85 1708.40, 1383.85 1394.74 & 1568.11 1573.09
12-May-20 1703.45 1702.40, 1381.84 1379.80 & 1574.50 1565.87
11-May-20 1698.80 1702.75, 1375.35 1378.55 & 1570.20 1571.81
07-May-20 1688.65 1704.05, 1366.29 1387.78 & 1565.21 1582.38
06-May-20 1698.90 1691.50, 1373.56 1366.73 & 1574.71 1564.13
05-May-20 1696.30 1699.55, 1363.83 1363.72 & 1566.36 1562.91
04-May-20 1703.70 1709.10, 1371.14 1374.63 & 1558.72 1563.83
01-May-20 1673.05 1686.25, 1332.08 1347.15 & 1523.14 1536.68





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NOTE: Inbound deliveries to our Loomis and Brink’s vaults in Zurich, Singapore, London and Dublin have resumed and to ensure liquidity, investors can move their assets to our vaults from safe deposit box companies, bullion stored with banks or digital gold platforms or ETFs. Please email us for shipping instructions to vaults: support@goldcore.com



Mark O'Byrne
Executive Director

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