Bullion and Jewellery
For centuries, gold coins and jewellery have been used as small-scale private investments and, for many people today, they remain a good place to start. It must be noted that new purchases may be subject to VAT and both purchases will carry a considerable mark-up on the daily spot gold price. However, such items will hold value in the long term and provide additional enjoyment to the owner! Some older coins, such as the sovereign, are still readily available and they are a good option as they are VAT free and UK gains are exempt from CGT. Some research will likely reveal similar options in many European countries.
Investing in gold ETFs such as GLD
For many people, the most accessible means trading on the gold price is through the use of electronically traded gold funds that track the price of the precious metal. This can be done through the purchase of the World Gold Council backed GLD (or similar) shares. GLD often leads the headlines when gold is discussed and it has become the go-to option for many people wanting to tap into a rising gold price.
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