Alternative Investments
Continued... Always believe in Gold
Delaware Depository, one of the late 20th century, to enjoy “With bank deposit rates around
the largest and most reputable some of the historical and rarity 1% even before savings tax, there
storage facilities in the world. It values. The fact that Sovereigns is little incentive to park cash there,
is licensed to COMEX, NYMEX have a limited annual issuance of and be exposed to the risk of the
and CBOT and insured by 75,000 again supports their rarity, bank going under!” Even more
Lloyd’s of London. and therefore price. worryingly, with global interest
rates near to zero, and the UK
With most pension savers Britannia UK gold coins are a
Central Bank printing £175bn of
experiencing significant falls in much larger coin weighing in at
new cash through Quantitative
their pension values over the past 1oz each. These were introduced
Easing, all the foundations exist
2 years, the necessity for balance in the 1970’s to compete with
for high inflation once we emerge
is even more apparent than ever the renowned Krugerrand which
from recession. This would further
to avoid these nasty shocks. Gold was dominating world gold coin
erode the value of savings, and
provides the missing link in most investment. As legal tender, it
reinforce the case for shifting some
people’s investment portfolio too provides a tax free status,
money into physical gold. With UK
maximising any returns earned.
Tax free coins
unemployment and borrowing at
Physical Gold Limited has seen
record highs, it seems the UK gold
The last thing an investor wants in
many everyday people switching
rush is set to stay for some time.
a tough market is to be handing
some of their savings into gold
over some well earned profit to
Physical Gold Ltd can be contacted
coins and reaping the benefits
the Treasury in the form of Capital
on 0845 643 4321, or visit www.
of the returns and comfort it can
Gains Tax (CGT). That’s why the
physicalgold.com to order your
bring. Many savers are even
shrewd investor will utilise the
free Gold Investment Guide.
contributing regularly as a savings
experience of a proactive gold
scheme, to gradually build up a
dealer to choose coins which do
golden nest egg.
not attract any tax at all!
While all investment gold is VAT
exempt, you are liable for CGT
when you sell foreign coins or
indeed gold bars held outside a
pension. Sovereign UK gold coins
have been around for hundreds of
years and are still classed as legal
tender in the UK, so therefore are
not taxable. While some investors
play safe with recent issues of the
coin, which make up roughly ¼
oz each, others indulge in some of
the older ‘numismatic’ coins from
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