Gold is the world’s most polarising asset. People either love it or hate it. You’ll be denigrated a gold bug for owning it, or an ignorant moron for not.
There are good reasons for this division. Gold’s position is an odd one thanks to its characteristics, history and the way it’s traded today. Nobody can agree on any of those three, so they can’t agree about gold either.
Some people will tell you gold is the only true form of money, while others will decry its uselessness because you can’t spend it. Some will tell you about how gold was money for thousands of years, while others will point out that we finally managed to get rid of it last century. The same facts lead people to opposite conclusions.
The same people who were once staunch advocates of gold can go to being its harshest critics and then return to favour it over the course of their career. The best example of this is former Federal Reserve Chair Alan Greenspan.
In the midst of all this, it’s tough to untangle any truths or reach any certain conclusions about gold. After all, when it comes to financial markets, the truth is what enough people perceive it to be.
In the end, you’ll have to make up your own mind about gold. But here is the best possible primer I can give you…
Invest In Gold Tax Free
Where British Investors can go to invest in gold and buy gold capital gains tax (CGT) free
One of the best ways to invest in gold in the UK is to buy Gold Britannias and or Gold Sovereigns from GoldCore who provide insured delivery services and Secure Storage in ultra secure vaults internationally including Zurich and London.
Gold Britannias (1 oz) and Sovereigns (0.2354 oz) are capital gains tax (CGT) free as they are legal tender sterling coins. Premiums on these investment grade bullion coins have come right down and there is a considerable saving on the total investment cost because of the CGT exemption. All other gold investments, including gold ETFs, digital gold vaults, gold mining shares and funds attract CGT.
CGT currently stands at 20% for higher rate taxpayers and 10% for lower. Given the indebted position of the UK government and the risk of a Labour government, CGT will likely go higher in the coming years. With gold prices likely to surge in the coming years, the CGT liability could be very high.
Founded in 2003 and with 16,000 clients in over 150 countries, GoldCore are one of the leading gold coin and bar storage specialists. Dominic Frisby of Money Week is a client and an advocate of GoldCore:
“I like Goldcore. You can deal with them either over the phone or open an account online. You can buy Gold Sovereigns, Britannias, bars and they’ll take care of the storage too.”
This is an excerpt. To access the full article which explores the gold price, gold’s past performance and gold’s vitally important role as a wealth preservation asset visit Proactive Investors
Secure Storage In Zurich For Free For Six Months
Until Thursday April 18, when you invest the minimum amount of $€£ 10,000 (no maximum) in physical gold and or silver for storage in our Loomis vaults in Zurich, Switzerland, you will pay zero storage fees for the first six months from the date of your purchases.
All gold and silver is stored in professionally managed, specialist, high security precious metals vaults. In addition to this gold and silver stored in GoldCore Secure Storage is stored on a fully allocated and fully segregated basis – the safest way to store precious metals – ensuring liquidity, competitive pricing and ownership.
More information about the offer can be accessed here and if you wish to avail of the offer simply wire funds and transact online or on the phone by close of business Thursday (1700, April 18). Mention the Exclusive Offer code ‘offermarch2019’ on the phone or by email – firstname.lastname@example.org
News and Commentary
Gold Prices (LBMA PM)
17 Apr: USD 1,276.10, GBP 978.77 & EUR 1,127.82 per ounce
16 Apr: USD 1,283.75, GBP 981.30 & EUR 1,137.40 per ounce
15 Apr: USD 1,286.75, GBP 982.43 & EUR 1,137.23 per ounce
12 Apr: USD 1,296.15, GBP 991.68 & EUR 1,146.06 per ounce
11 Apr: USD 1,304.65, GBP 997.01 & EUR 1,152.43 per ounce
Silver Prices (LBMA)
17 Apr: USD 15.00, GBP 11.49 & EUR 13.27 per ounce
16 Apr: USD 14.94, GBP 11.42 & EUR 13.22 per ounce
15 Apr: USD 14.93, GBP 11.39 & EUR 13.20 per ounce
12 Apr: USD 15.06, GBP 11.51 & EUR 13.31 per ounce
11 Apr: USD 15.25, GBP 11.66 & EUR 13.53 per ounce
Recent Market Updates