With market uncertainty surrounding world economies growing due to political and financial issues, the price of many commonly held assets has received a big hit. We have trade wars, Brexit and other geopolitical crises to thank – turmoil that has made gold more stable and more desirable than ever as elsewhere, markets experience huge amounts of volatility.
Gold has always been recognised as a safe, tangible asset and has proven to be a reliable investment option for thousands of years. Today more than ever, a growing number of investors and central banks are once again choosing to secure their wealth against financial risk by investing in gold. The modern investor able to move quickly is also seeing the value of their asset trending upwards giving security and real returns.
Current savings performance is severely limited by low-interest rates and the capital amount a bank or financial institution is required to hold at any time. This puts savers in a precarious situation, with several UK financial institutions being added to UK government watch lists as customer finances face escalating risk for very little return.
With Brexit just around the corner, inflation is set to rise to as much as 5% while interest rates pay as little as 1%. Against this backdrop, investment in gold and other precious metals is on the up.
Income, property, equity and savings are all taxed, but gold offers a tax-free solution to keeping hold of all of your gains.
Physical gold is a legitimate exception to the tax rule, similar to an ISA, but without the restrictions. This means you are able to keep greater control of your investment without being subjected to penalties on early liquidation.