Skip to content

Buying Gold

Why Buy Gold?

Gold has been a highly sought-after asset for centuries, and it's not hard to see why. With a long history of stability and consistently maintained value, it's no wonder that people have turned to gold as a way to safeguard their wealth and protect themselves against economic uncertainty. Whether you're looking to use gold as a store of value, a hedge against inflation, or as a means of diversifying your portfolio, it's clear that this precious metal has a lot to offer.

Track Record

A Proven, Tangible Asset

Gold has been a valued asset for centuries, with a long history as a liquid and tangible asset. It's no surprise that people find it attractive – it has proven to be a reliable way to safeguard against inflation, political instability, and market corrections. While we may not always be aware of it, inflation is constantly eroding the purchasing power of our money. That's why it can be so beneficial to diversify, and gold is a great option for doing so. Whether you're looking to build a collection or simply want to add some stability to your portfolio, gold is worth considering.

Tax Efficiency

VAT Free

For collectors who are concerned about both value and tax implications, gold coins offer a unique advantage. In 2000, the UK's Her Majesty's Revenue and Customs abolished VAT on gold of a certain purity, making it an appealing option for collectors looking to maximise value. According to the ruling, if a gold coin is 90% pure or higher, it is not subject to VAT. With the current VAT rate at 20%, this can be a significant savings for collectors. So, if you're a collector looking to add value to your collection while minimising tax implications, gold coins are definitely worth considering.

Tax Efficiency

Capital Gains Tax

If you're considering collecting gold coins, it's important to be aware of the potential tax implications. In the UK, everyone has an annual exemption of £12,300 for capital gains tax (CGT) as of 2021. However, if you make a profit above that amount, you are required to declare it and pay CGT at a rate of 18% or 28% on the excess, depending on your normal tax rate.

Fortunately, there are some exceptions to this rule when it comes to certain types of gold coins. For example, gold and silver Britannias as well as gold Sovereigns are considered British legal tender and are exempt from CGT. This means that any gain you make when selling these coins can legally be excluded from your CGT calculation, no matter how large it is. So if you're looking to collect gold coins and want to minimise your tax burden, it's worth considering options that are considered legal tender in the UK.

Pure Joy

Undeinable beauty

Gold has always been revered for its beauty and value, and for many people, the experience of owning gold is deeply satisfying. Whether it's a piece of jewelry or a gold coin, this precious metal holds a special place in our hearts and can be treasured for a lifetime or passed down to future generations. The appeal of gold is timeless and enduring, making it a truly special asset to own.

Shopping cart

Want to get started? Request your 2024 Gold Collectors Guide