Buying gold for investment purposes can seem mystifying at first. There are many practical considerations: storage, transport, liquidation, and tax. Discover all there is to know about buying gold for investment with this comprehensive guide.
A GUIDE TO FIRST-TIME GOLD PURCHASE
Investors can purchase gold from certified dealers in a variety of quantities and grades, typically in bullion or bars. With the Pure Gold Company, buyers are sold gold that is investment grade (22 karats) or higher.
Investors are then provided with a certificate of authenticity, and the option to either store their gold within a secured facility, (usually a London Market Bullion Association vault) or have it shipped to their residence for safekeeping. Delivery is fully insured under the Pure Gold Company’s insurance from point of sale until it is delivered. From then on, it’s at the investor’s discretion to sell or distribute their gold as they wish.
WHY BUY GOLD OR SILVER?
Gold’s appeal lies in the fact that its value is not tied to the health of the stock market and that it has an inverse relationship with the values of major currencies. In a time where economies all over the world are experiencing instability, gold behaves in a different way. Its value holds as other markets crash. Purchasing gold also comes with significant tax benefits.
Unlike other investments, gold does not require investors to pay VAT on investment grade gold, or Capital Gains Tax on UK investment grade gold and silver coins.
PHYSICAL OR PAPER GOLD?
An easy way to differentiate between paper and physical gold is to think of one as a bank cheque and the other as cash. Paper gold is allocated in gold certificates instead of physical gold bars or bullion, and often comes in the form of futures contracts, mining stocks or gold exchange-traded funds (ETF). Paper gold comes with a much higher risk of purchasing and isn’t as useful in times of financial crisis.
Physical gold is gold you have within your possession. Should investors need to liquidate their assets quickly, physical gold can be easily sold for needed capital, exempt from the Capital Gains Tax.
BUYING FROM THE PURE GOLD COMPANY
The Pure Gold Company has a simple, four-step process in place for buying physical gold.
1. Consult with our advisers to find the best investment for you.
2. Create a purchase order to instruct us to buy your chosen gold.
3. Payment is either by cheque or bank transfer (card payments are available for some smaller orders).
4. The final stage is storage and delivery. The Pure Gold Company can deliver your precious metals to a location of your choosing via our fully insured and complementary delivery service. Storage is also available in the London Bullion Market Association’s vaults, with allocated storage bays and full insurance.
Tax Free Gold – Investors can purchase tax free gold in the form of UK investment grade gold coins. Because these gold coins are considered legal tender, the HMRC does not require taxation.
Tax Free Silver – Though in the UK investors are required to pay VAT on purchases of physical silver, we are able to supply physical silver without investors having to pay VAT or Capital Gains Tax.
Pension Gold – Pensioners are able to secure their retirement through the purchase of physical gold bars within their pension or SIPP. This comes with an up to 45% tax relief.
Gold Saver – With the Gold Saver program, clients can invest with an affordable monthly plan beginning at £300 per month that includes regular gold deliveries and complete control of their plan.
HOW TO BUY GOLD & SILVER
Our Simple 4-step process makes physical gold and silver investment easy.
One of our dedicated specialists will work with you to identify which products are available to you and will benefit you most. The length of the consultation is down to you and is an opportunity to ask us as many questions as you like.
When you feel confident that you’ve had all your questions answered, you will be asked to complete a purchase order, which is your instruction to purchase metals.
In order to lock in the price and complete your order, you must then make a payment, via bank transfer or personal cheque. For smaller orders we may accept debit or credit cards.
STORAGE AND DELIVERY
We can either deliver your gold directly to you, via our complimentary insured delivery service, or you can choose to have your gold safely stored, in a London Bullion Market Association (LBMA) vault, where your physical metals are allocated in your name and with full insurance provided.
IN THE PRESS
CHARLES CAMPLING – POLICE OFFICER – SURREY POLICE SERVICE
I decided to make my first tentative steps into investment in gold with the help of The Pure Gold Company due to the good reputation they have dealing with the less experienced investor such as myself. I feel their reputation is well deserved. I was kept informed, anything I didn’t understand was explained well. I have no reservations in recommending The Pure Gold Company to those looking to invest in gold or silver.
SIR GEOFFREY LEIGH – PROPERTY ENTREPRENEUR
I found The Pure Gold Company knowledgeable and trustworthy and in my opinion wouldn’t hesitate to recommend them
ANNABEL BARTFELD – AMBASSADOR FOR GREAT ORMOND STREET HOSPITAL
These guys were patient and seemed to understand my situation well. They weren’t pushy or salesy and gave me all the facts so that I could make my own decision. I was surprised at how straightforward they made the process and would certainly recommend The Pure Gold Company to anyone looking to invest in gold or silver
OLIVER SHIPTON – PARTNER AT LEE & THOMPSON LLP
Having thoroughly researched the gold investment market I found The Pure Gold Company. They were knowledgable, transparent and kept it all very simple. My gold arrived the next day and I’m now discussing options for silver storage. I wouldn’t hesitate in recommending them…
RACHELINE NATALIE MICHAELS – DIRECTOR, HEXAGON OF HIGHGATE LTD
A friend recommended The Pure Gold Company, as they have a reputation of assisting beginners, they were fantastic. They explained in detail how it all works and what options would best suit our circumstances. They guided us on timing and saved us 6% by waiting a couple of weeks