WHY INVEST IN GOLD BULLION?
Gold bullion is a solid investment in turbulent financial times. Thanks to the metal’s rarity, durability and applications in industry and design, gold will always be both scarce and in demand.
Reasons to invest in gold bullion include:
1. Gold is a reliable hedge against volatility
Furthermore, the gold price’s inverse relationship with the other commodity markets and with the state of investor confidence in the economy as a whole means that its value often rises when other stocks are falling, making it an excellent “safe haven” to ride out economic downturns.
2. An independent investment
Gold offers an pleasingly independent investment. Wherever physical gold is stored, if correctly allocated it belongs completely to the investor and remains under their control. Investors in physical gold can store their wealth free of the banking system and outside the traditional economy, in a form of investment which they control and which can be easily liquidated at any time.
3. Moving forward
With the global economy facing uncharted waters thanks to the struggles of the European Union, the uncertainty of Brexit and the new Trump presidency in the United States, now is an excellent time to be investing in physical gold.
TAX FREE GOLD BULLION
Under UK tax laws, gold and sometimes silver bullion may be exempt from VAT and capital gains taxes when purchased under certain circumstances for investment. There are various levels of tax advantage depending on the type of physical gold bullion purchased for investment.
All investment gold is exempt from VAT if it meets the minimum criteria – of a purity not less than 995 thousandths in the form of a bar or wafer accepted by the bullion markets, or as a gold coin minted after 1800 that is at least 900 thousandths pure and is legal tender in its country of origin. All gold provided by The Pure Gold Company is meant for investment purposes and as such meets these criteria.
Capital gains exempt
Gold bullion coins created by the UK’s Royal Mint are exempt from both VAT and the Capital Gains Tax, as they qualify as legal tender. While these coins have relatively low face values, the value of the gold they contain is much higher and they are a reliable investment medium.
Tax Free Silver
The Pure Gold Company also supplies Tax Free Silver, and you won’t be liable for any VAT or Capital Gains Tax. It comes in the form of silver coins or silver bars and is a very popular bullion that is easy to liquidate.