10 benefits of investing in gold coins. UK.
Not only are gold coins beautiful in appearance, for UK investors, gold coins have many investment advantages.
Tax advantages.
Specific gold coins such as the Gold Britannia and Gold Sovereign are Capital Gains Tax free in the UK.
The 24-carat British Gold Britannia has the luxury of being classed as legal tender and, therefore, being Capital Gains Tax exempt in the UK. A gold Britannia is a very cost-effective way to invest in tax free gold coins in the UK.
Minted by The Royal Mint since 1987, the British Britannia contains one troy ounce of gold and has a face value of £100. From 2013 the gold coins have been struck in 24-carat fine gold.
Gold Britannias also are issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce.
The Gold Sovereign is one of the most recognisable gold coins in the world.
Smallness of size makes them easy to store.
Sovereigns are a good way to start investing in gold at an entry level due to them being more affordable at today’s prices.
These popular gold coins can be great investment for the future and add diversity to any investment portfolio.
Gold coins are valuable all over the world.
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Gold coins are recognised as a store of value globally.
Gold coins are sought after no matter what part of the world you are in.
Gold coins can be exchanged for currencies, goods or services, as gold is easily liquidated.
Gold coins can be stored outside of the banking system.
When you have your savings or pension in the banking system, then there are associated counterparty risks.
Gold coins can sit outside of the banking system, therefore removing those counterparty risk.
With gold coins you have full control over your wealth.
Gold is rare.
Gold cannot simply be created out of nothing as with fiat currency.
There is only a finite supply of gold, which gives gold unique value.
It is estimated that all the gold in the world would only fill 2 Olympic swimming pools.
Gold coins can be used as insurance against inflation.
Inflation is a measure of how much the prices of goods and services have gone up over time.
The Bank of England’s monetary policy is to achieve the Government’s target of keeping inflation at 2%.
However, according to the Bank of England’s inflation calculator, inflation has actually averaged 5.3% a year from 1950-2019.
The price of gold tends to increase in line with other products and commodities, therefore, retaining purchasing power.
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Gold coins can be a private investment.
Investments in shares or investments through the banking system is not necessarily private. Details of your investments are logged.
Depending on how many gold coins you buy, gold coins are a much more private form of preserving wealth.
Physical gold is one of the very few truly private investments available today.
Gold coins can be used to diversify an investment portfolio.
More often than not, the price of gold tends to increase when other standard investments such as equities start to fall. Gold is seen as a safety net when the stock market is in decline.
Many financial experts often recommend gold as part of a diverse investment portfolio.
Gold coins are a great asset to provide you with a stable investment in times of economic uncertainty.
Gold coins can offer solid growth on investment.
Gold has remained one of the best performing assets of the 21st century. Since 2001, the price of gold has increased by over 600%.
Gold legacy.
Gold coins can be a fantastic and tax efficient way to pass on wealth to loved ones.
Collecting gold coins can be a financially beneficial hobby.
If researched and undertaken correctly, collecting gold coins could be a way to turn a hobby into a fantastic investment.
From limited edition collectors coins, to minting error coins, to royal mint coins, to standard bullion coins, starting your own collection could become a great way to preserve your wealth over time.
Always make sure you buy gold and rare coins from a reputable dealer, and check things like weight, discolouration, price and size.
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