CAPITAL GAINS TAX CHANGES
From April 2024, the Capital Gains Tax allowance will plunge from the current £12,300 to a derisory £3,000. This will motivate UK residents to switch to UK gold coins (eg. Britannia's) as their legal tender status makes them Capital Gains Tax free (as well as being VAT free).
Our guide to easy GOLD investment
For thousands of years people have been investing in gold, it has always been synonymous with wealth and prosperity. Historically gold has been used for trading goods. Certainly in the last few years gold has been associated with jewellery and fashion. Physical gold offers investors the opportunity to spread their investment risk through a well-balanced portfolio. Gold has been a ‘safe bet’ when it comes to a small investment and the growth in scrap gold has been on the increase.
Since 2018, the price of gold has risen by 60.33% per ounce
Gold can be invested in at so many levels, and just a small amount of money can see growth.
Here are what we consider to be some of the top Gold investment options
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1oz Gold Britannia Coin (Approx. Between £1,650 - £2100) 1st Jan 2024. The 1oz gold Britannia is one of our best-selling coins, favoured by investors looking to benefit from its Capital Gains Tax Free status and vat free status. Gold Britannia's offer investors the perfect balance between flexibility and cost, tending to be the cheapest way to buy British tax-free coins, which are also vat free Gold Britannia coins are easy to store, trade and sell due to their relatively small unit size. Since 2021 the design has incorporated numerous security features, making them easy to authenticate visually, perfect for quick and simple selling perfect for the small investor looking for a nice return on their money.
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Gold Sovereign (Approx. Between £400 - £550) Full Sovereign 1st Jan 2024. Gold Sovereign coins are the most recognisable British coin in the world and are one of our best-selling product favoured by investors of all sizes. As they are capital gains tax free and vat free Sovereigns offer the ultimate flexibility due to their small unit size. Sovereigns are easy to store, trade and sell. The cheapest coin - Best Value Sovereigns - will represent the best value, as all sovereigns are worth the same when selling to a dealer. They also fairly often come in limited edition sets. These sets often have a British theme and can add value to your collection as they are normally a limited run, so very collectable. Half Sovereigns are also a good place to start, they are easily available and range from £200 - £250. These are just as collectable as full sovereigns and are often included in sets.
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1oz Krugerrand (Approx. Between £1,650 - £2,100) 1st Jan 2024. The gold Krugerrand is the world's most recognisable coin and is our bestselling International gold bullion product, favoured by investors of all sizes. The Krugerrand is a great starting point for investors and offers a very good balance between value and flexibility, often being the cheapest way to buy a 1oz gold coin. Easy to store, trade and sell. The Krugerrand is from South Africa.
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100g Gold Bar (Approx Between £5,500 to £6,000) 1st Jan 2024. Heraeus 100g gold bullion bar. 100g gold bars are our most commonly invested size bars, favoured by investors of all types. 100g bars represent better value for money than coins whilst still maintaining an element of flexibility and are often purchased in addition to smaller unit coins and bars. The cheapest bar - Best Value 100g Bars - will represent the best value as they are all worth the same at resale, also unlike some of the coins the gold bars are pure 24k gold.
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1oz Gold Bar (Approx Between £1,900 to £2,200) 1st Jan 2024. Metalor 1oz gold bullion bar. The 1 ounce bars are very easy to store and sell. All bars are essentially the same product, with prices varying on your preferred brand. The cheapest bar - Best Value 1oz Bar - represents the best value for money as they are all worth the same when selling back to a dealer.
Investing in gold is almost guaranteed a return over a good period of time, it’s not a quick investment but much more long term. Don’t expect to buy a gold coin and sell it again a few week later as it’s unlikely that you will see a rise, but over a few years that’s a different story. You need to view it as a high interest bank account that locks you in for a period of time. A good investment time would be 3 to 5 years. If you look at the graph we have created, you can see the trends and growth of gold over the last few years.
Where to start investing
The key area for investment in precious metals is Gold, but dipping your toe in the water, a great starting place is Silver. Silver has had a steady balanced growth over the years and has been a very sound investment, and it still is today. Investing in Silver should really be done with bars and coins, as they are small items that are pure. Scrap silver (old chains and rings) doesn’t have the collectability that the bars and coins have. Also silver coin sets can be very collectable and are great starting point.
Since 2018, the price of silver has risen by 49%
So as a staring point Silver is perfect. Over the last 20 years Silver has risen by 265%, so as a long term investment it’s superb. The only downside is the amount you need to have and keep if you have lots of money to invest, hence why serious investors tend to stick with Gold.
Our Gold & Silver selling page on this site gives you many options to invest in silver at all levels, with a simple silver coin to heavy silver bars. Silver jewellery is nearly always 925 Silver coins and bars are 999 (pure Silver).
Here are what we consider to be some of the top Silver investment options
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1oz Silver Coins from £29.99 approx price as of 1st Jan 2024. The 1oz Silver coins are a great investment as they are nearly always 999.9 silver, so pure. Some are very collectable, and looking for limited edition runs will definitely help your investment.
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Half Ounce Silver Bars (Approx Between £20) each 1st Jan 2024. A great low-cost investment, always 999.9 silver so they are pure. Nearly always come in blister packs. We would always suggest keeping the as new and in original untampered packaging. Always get silver tested if loose.
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Royal mint 1000g 999.9 Silver Bars (Approx Between £770) each 1st Jan 2024. A great cost investment, always 999.9 silver so they are pure. Very heavy and very sought after. This tends to be bought by people who want to split their investment between Gold and Silver, so spreading their load.
Why invest with our Gold and Silver?
We are buying Gold and Silver every day, we are a public facing company with branches in two locations in the South of England. We have a huge selection of coins and bars that are all tested and checked. With over 20 years experience in the precious metal buying industry, we are the experts at buying and selling. Most days we trade between £20,000 to £70,000 of gold and silver, so we always have investment opportunities. Because we buy and sell so much everyday means our prices are really keen, as an investor you need to be buying your gold and silver at the lowest price point. We would suggest that adding yourself to our mailing list would be a great start (This gives you a 3-day advantage on all our latest gold and silver before it goes on general sale). We send our a weekly investment email allowing you to purchase directly from us. We can either send your gold/silver to you or you can collect in one of our stores. Furthermore, we also have an option for you to pay weekly (interest free) or if you come into store, pay using Klarna with 3 equal amounts. We look forward to helping you reach your goals with investing in Gold and Silver.
